Forecast for EUR/USD on June 30, 2020

EUR/USD

The euro tried to break the technical level of 1.1265 on Monday, due to news of closures of organizations in California as a result of the second wave of the viral epidemic. But in general, the markets were not going to panic, the technical resistance was stable, and the euro showed a daily growth of 23 points. The Marlin oscillator continues to decline in the negative area, the downward trend and the previous target of 1.1108 along the price channel of the weekly scale remain.

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The price returned to the area under the MACD line (blue indicator) on the four-hour chart, the signal line of the Marlin oscillator also returned to a downward trend. The first goal of the euro is 1.1195, it is also the signal level for moving to the main goal of 1.1108.

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The material has been provided by InstaForex Company - www.instaforex.com