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Forecast for EUR/USD on June 28, 2021

EUR/USD

Last Friday, the euro grew by 44 points, which made it possible for it to reach the signal level of 1.1970 and sharply fall from it. As a result, the euro showed a daily rise of 3 points. Such a daily spike probably indicates a price reversal. The first target is the previously reached level of 1.1855. Going beyond it opens the second target at 1.1705.

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A divergence with the price has formed on the 4-hour Marlin chart. The current quote is attacking the MACD line and breaking it will mean that Friday's price exit above it is false. Falling below the signal level of 1.1912 opens the first target at 1.1855.

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