See also
After three days of struggle, the euro has broken through the 1.1420 resistance level. Now, the target at 1.1535 is open. A breakthrough above this level would allow the growth to continue toward 1.1692. The Marlin oscillator, positioned in positive territory, persistently pushes the price upward.
Such a signal on the day the European Central Bank is expected to cut rates is concerning. We believe that the euro's complex rise since mid-May has already taken this rate cut into account, particularly when we compare the euro's performance to that of other currencies, which have been stronger. Market participants may find hawkish hints in the comments from monetary officials (as is often the case) and will continue to drive the euro higher.
On the four-hour chart, the price has settled above the MACD line and above the 1.1420 level, while the Marlin oscillator is rising in positive territory. We expect the upward movement to continue.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
If the euro breaks below 1.1762 and consolidates below this price zone, a bearish acceleration is likely and could reach the bottom of the trend channel around 1.1620. It could
Gold could be preparing for a new bullish sequence, so as the price consolidates above 3,325 or 3,312, any technical rebound will be seen as a buying signal, with short-term
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
EUR/GBP – Wednesday, July 2, 2025 EUR/GBP has the potential to strengthen due to the ECB's policy which signals that its Dovish policy is almost over, while the BoE continues
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.