14.06.202405:31 Forex Analysis & Reviews: Forecast for EUR/USD on June 14, 2024

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EUR/USD

Yesterday, the euro returned to the base of Wednesday's large white candle and is now on track to overcome the support at 1.0724. Consolidating below this level will pave the way for the price to reach the target at 1.0656.

The price has returned below the balance and MACD indicator lines, and the Marlin oscillator remains in the downtrend area.

On the 4-hour chart, the price has managed to consolidate below the indicator lines, and Marlin has moved into the bearish territory, fully restoring the downtrend.

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