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Wave Analysis from InstaForex
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[QUOTE="InstaForex Gertrude, post: 21080, member: 2617"] [B]Forecast for EUR/USD on June 24, 2020[/B] EUR/USD The euro grew by 48 points on Tuesday, almost consolidating itself above the target level of 1.1265 after a reversal of the Marlin oscillator signal line from the zero border line dividing the decline zone from the oscillator growth zone, indicating the prospect of a market trend. The next target of 1.1385 is formally open, but it may not be achieved, which can be seen when considering the situation on a smaller timeframe. [IMG]https://forex-images.ifxdb.com/userfiles/20200624/analytics5ef2c6a948c44.jpg[/IMG] Marlin's signal line went beyond the upper boundary of its own channel on the H4, but soon returned to it. This is already a sign of the falsity of the past price spike. And here two scenarios are possible: a slower growth of the euro in the range of 1.1353/85 with a divergence forming according to Marlin, and a reversal of the euro down without reaching 1.1353 (the June 16 high), practically from current levels. The first signal for this is the price drift under the MACD line (1.1295). [IMG]https://forex-images.ifxdb.com/userfiles/20200624/analytics5ef2c6bc94e02.jpg[/IMG] Thus, it is late and unreliable to buy the euro, and early to sell. We are waiting for the resolution of the situation. [I][URL=https://www.instaforex.com/forex_analysis]Analysis are provided by[B][COLOR=Red]Insta[/COLOR]Forex[/B].[/URL][/I] [/QUOTE]
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