empty
 
 
15.07.2024 05:18 AM
Forecast for EUR/USD on July 15, 2024

EUR/USD

By the end of the week, the euro managed to reach the target level of 1.0905, which is the upper boundary of the descending price channel on the weekly timeframe.

This image is no longer relevant

The divergence with the Marlin oscillator suggests a reversal, but once again, a gap is interfering. This gap doesn't significantly affect the technical pattern of the reversal because it can be recouped without any noticeable impact. If the price manages to consolidate above 1.0905, the euro will continue to rise to 1.0964 or even higher.

This image is no longer relevant

A double divergence has formed on the 4-hour chart. Recouping the gap may not even disrupt the divergence. The first sign of a reversal is when the price moves below the Kijun-sen line (1.0853). This will likely happen no sooner than tomorrow.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback