empty
 
 
29.06.2023 05:05 AM
Forecast for EUR/USD on June 29, 2023

EUR/USD

Yesterday, the euro returned to Tuesday's lows, which can be considered as the end of the confrontation amid aggressive rhetoric from central bank officials at the forum in Sintra. Federal Reserve Chairman Jerome Powell confirmed the possibility of rate hikes at consecutive meetings, and investors, comparing economic data that is clearly better in the United States than in Europe, started buying dollars.

This image is no longer relevant

The price has already broken below the lower band of the target range of 1.0910/30 and opened the target of 1.0789-1.0804, towards which the MACD indicator line on the daily chart will soon approach. The lower band of the target range is defined by the low of April 3. The Marlin oscillator is declining.

This image is no longer relevant

On the four-hour chart, the price has settled below the balance indicator line, and the Marlin oscillator has settled below the zero line. We have a downtrend, and we are waiting for the price to reach the target range.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

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