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22.07.201905:58 Forex Analysis & Reviews: Forecast for EUR / USD pair on July 22, 2019

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EUR / USD pair

On Friday, the euro fell by 56 points, which cuts off the growth of the previous day. At the moment, the price on the daily scale chart is trying to break through to the support zone (there was a break in the lower shadow), which was expressed by the price channel line and the Fibonacci level of 100.0%. The price returned safely under the balance line and MACD and the signal line of the oscillator marlin did not go over to the growth zone.

On the four-hour chart, the price is fixed below the MACD line and the Marlin oscillator indicates a downward trend. We believe that this time, the signal level will be on 1.1193 will not stand, which opens the way to a medium-term decline. The first target level is 1.1155 and then 1.1116 up to 1.1074 will be reached.

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