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14.06.201906:44 Forex Analysis & Reviews: Forecast for EUR/USD for June 14, 2019

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EUR/USD

On Thursday, the euro still went down by 10 points, slowly, but not to say what was right, approaching the first goal of 1.1245 - supporting the embedded line of the price channel of the weekly chart. On the four-hour chart, the price is stuck under the MACD line, consolidating below it. Investors are probably waiting for data on US retail sales for May. Optimistic forecasts: base sales (excluding cars) are expected to increase by 0.5%, the total sales figure may rise by 0.7%. In addition, industrial production for May - a forecast of 0.2%. If the data does not turn out to be weak, it is likely to reach 1.1245, but the main thing is that the price needs to be consolidated below the level in order to be able to continue the decline. Whether the market will do it on Monday is in question. In case of a positive outcome, we expect a decline to the MACD line of the daily scale, to the level of 1.1205.

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