Forecast for EUR/USD on June 5, 2019

Posted On 05 Jun 2019

EUR/USD

On Tuesday, the euro slightly modified our scenario with the expected price squat to the level of 1.1216 before further upward movement – the price did not reach this level and fixed above 1.1255 – the line of the price channel. Before the price opens the target of 1.1324 (maximum of April 17), but due to the fact that the support (1.1216) has not been reached, the Marlin oscillator on the four-hour chart did not have time to discharge fully, and now the next target level may not be reached – the Marlin oscillator will be either high in the overbought zone, or, having lost strength, will form a reversal signal.

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Source:: Forecast for EUR/USD on June 5, 2019

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