Forecast for EUR/USD for June 11, 2019

EUR/USD

The euro closed the first day of the week with a slight decrease of 23 points, but technically the situation has not changed. Even on the four-hour chart, the signal line of the leading Marlin oscillator remained at the same value. Therefore, we are waiting for the price of divergence to be developed on a four-hour scale with the immediate goal of 1.1250 - supporting the MACD line of this scale. This goal also coincides with the support of the trend line of the price channel on the daily chart.

However, apart from the divergence, there are no other signs of a decline — the price remains above the balance and MACD lines on both working charts; so the risk of an increase remains as well as growth of two targets: 1.1356 - the Fibonacci level 76.4% and 1.1444 - the Fibonacci level 61.8% on the daily tf.

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