FX.co ★ Forecast for EUR/USD on June 15, 2021

EUR/USD

On Monday, as expected, the euro corrected slightly to the upside and spent the day in the range of expectations for today's US data on manufacturing inflation, retail sales and industrial production. Tomorrow, the Federal Reserve will make a decision on monetary policy and investors believe that today's good indicators (if they turn out to be such, and which the Fed members already know), will be able to influence the final summary in the direction of tightening. In terms of rhetoric, of course.

The price is below the balance indicator line on the daily chart, but above the MACD line, which in its semantic meaning defines the price position as neutral with an impending attack on the support of the MACD line (1.2082). The bears' main target is the 1.2051 level, surpassing it would open the next target at 1.1934 - the lower border of the price channel of the weekly timeframe.

On the H4 chart, the line of the Marlin oscillator begins to smoothly turn downward. Perhaps yesterday's peak at 1.2131 is the upper border of the current consolidation.

We are waiting for the attack on the support of the MACD line of the daily timeframe in the area of the 1.2082 mark.