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09.07.202005:02 Forex Analysis & Reviews: Forecast for EUR/USD on July 9, 2020

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EUR/USD

The euro confirmed its intention to form a new local high yesterday, above June 10 at 1.1420, and thereby form a divergence with the Marlin oscillator. The signal line of this indicator entered the positive trend zone. We are waiting for the price in the target range of 1.1420/65. Overcoming it can raise the price even higher, to the target level of 1.1560.

The price is gathering new strength before taking the intermediate level of 1.1353 on the four-hour chart. The Marlin oscillator turned around from the border with the territory of the bears, the growth of Marlin is strong, the price is higher than the balance and MACD indicator lines. Most likely the resistance will be overcome.

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