Forecast for EUR/USD on June 3, 2020

analytics5ed7179e06f06.jpg

EUR/USD

Risk appetites continue to grow despite protests and riots in the US: S&P 500 gained 0.82% yesterday, gold fell 0.69%, yield on 5-year US government bonds rose from 0.31% to 0, 32% The euro grew by 35 points, gaining a foothold on the daily chart over the trend line of the price channel. Target of 1.1250/65 is open.

The price is growing in a stable trend on the four-hour chart, but the Marlin oscillator has formed a divergence. With an increase in the price of another 15 points, the divergence can be reorganized into a regular pullback of the indicator (indicator discharge) with the resumption of growth. We are waiting for the price in the specified target range, where it is possible to form a more stable reversal pattern.

analytics5ed717b0ab50a.jpg

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Forecast for EUR/USD on June 3, 2020

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply

*