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09.04.202106:08 Forex Analysis & Reviews: Forecast for EUR/USD on April 9, 2021

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EUR/USD

Yesterday, the euro still failed to gain a foothold in the downward direction and consolidate the reversal of the daily candlestick, the price went up, but with forming a traditional reversal indicator reversal – divergences with the Marlin oscillator on the four-hour scale by this morning.

The divergence, admittedly, is rather weak, which can be broken with a strong observed speculative market, and the price can reach the MACD line on a daily scale around the level of 1.1990, which coincides with the highs of March 11 and 18 (green check marks on the daily). By this time, Marlin may rise to its strong resistance level of 0.0092 and reverse from it on a daily scale.

The condition for the price's intention to return to the 1.1810 level (for a start, on the way to a deeper decline), as well as yesterday, remains its transition under the signal level of 1.1855. Pushing the price to settle above yesterday's high will sustain the euro that is aiming for the upper target of 1.1990.

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