Forecast EUR/USD

20 Jun 2020

As expected, they will drag the price down until the end of the trading session, and so it turned out. Now the main thing is how Monday will open, either with a price gap, or with the opening, it will start to pull in the opposite direction for a correction. In General, EUR / USD likes "I" - zigzags very much, so it is very likely that on Monday there will be a whole day of reverse, upward movement. Moreover, no one and nothing can prevent EUR|USD, I think it is optimal to rebound from any lower border with the goals of 1.1200-30. Or there is another option, a sideways movement for the whole day, from 1.1160 to 1.1200, which is also highly unlikely, because looking at the volumes, "Sellers" do not close their open positions, which means we need to wait for Asians with their volumes.