empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

26.06.202405:20 Forex Analysis & Reviews: Forecast for EUR/USD on June 26, 2024

EUR/USD

Time is currently working against the euro. If the single currency does not test the MACD line (1.0755) on the daily timeframe within the next two days, the technical situation will no longer allow for such a scenario.

Exchange Rates 26.06.2024 analysis

At the moment, if the price breached yesterday's low at 1.0691, it will move towards the target range of 1.0636/50 and further towards 1.0595. The Marlin oscillator is currently within a narrow sideways range (grey area), maintaining a neutral position and this gives the price a chance to test 1.0755.

Exchange Rates 26.06.2024 analysis

On the 4-hour chart, the price has settled below the level of 1.0724 and is entangled around the MACD line. The Marlin oscillator has settled on a downward trajectory. We're waiting for the price to break yesterday's low and further progress on the decline according to the main scenario.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.