24.06.202405:00 Forex Analysis & Reviews: Forecast for EUR/USD on June 24, 2024

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EUR/USD

The euro's decline on Friday was small but still substantial – along with it, stock indexes, commodities, and precious metals also fell. EUR/USD settled below the 1.0724 level on the daily chart.

The pair can now reach the target range of 1.0636/50; once it surpasses this range, the next target will be 1.0595. On the 4-hour chart, the price is developing a local downtrend below the balance and MACD indicator lines.

The Marlin oscillator is showing progress in the downtrend territory. We expect the price to reach the target range of 1.0636/50.

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