Forecast for EUR/USD on June 12, 2020

EUR/USD

The euro fell by 75 points on Thursday and further strengthened the reversal potential. Marlin divergence in action. The 1.1200 target will open after overcoming 1.1265, and even lower support for the embedded price channel line at around 1.1120.

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The price consolidated below the indicator lines of balance and MACD on the four-hour chart, the Marlin oscillator is in the zone of negative values, the trend is completely decreasing on H4. We are waiting for the development of this trend with the stated goals.

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