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10.06.2025 04:52 AM
Forecast for EUR/USD on June 10, 2025

Monday passed calmly in the markets, and the main takeaway was the restoration of risk-related correlations. The euro bounced back from the daily MACD line support for the second consecutive day and opened today above the 1.1420 resistance level.

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The Marlin oscillator continues its slow ascent. The target at 1.1535 is open, and consolidation above this level will allow further growth toward 1.1692.

A consolidation below Monday's low at 1.1387 would also mean a move below the MACD line, opening the path for a decline toward the target support at 1.1266.

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On the H4 chart, the price has already settled above the 1.1420 level, but Marlin's pressure on the lower boundary of its channel and the border with the downtrend zone is a cause for concern. To relieve this pressure, the price must move quickly toward the MACD line (1.1465) and attempt to break above it.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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