Forecast by Marius Ghisea – EUR/USD (July 4-8)

The EUR/USD currency pair is still into a downtrend, in the medium long term. The MACD is negative and a new target for this pair may be 1.0937 (Fibo 0.38).

EURUSDdaily-page-001

The price is still under EMA 200 on the daily chart and this is another confirmation of a downtrend in the medium term. According to the 8 hour chart, the MACD will soon be negative.

EURUSD8h-page-001

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