For Traders

Analytical Reviews

Technical analysis

25.05.202005:15 Forex Analysis & Reviews: Forecast for EUR/USD on May 25, 2020

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD

The euro was down 64 points at one point last Friday, precisely testing the support of the MACD line on the daily chart. The signal line of the Marlin oscillator is slightly above the border with the territory of the negative trend. There is not much time left for the price and marlin to go downward in a coordinated fashion. The first target of the movement is the lower border of the trading range of 1.0767-1.0995. Overcoming the level opens the target along the line of the price channel - 1.0578.

The price was also precisely marked on the MACD line on the four-hour chart. Accordingly, the 1.0885 level is strong and acts as a signal level, overcoming which unfolds a downward movement to the first target of 1.0767. The Marlin oscillator on the territory of the bears.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.