For Traders

Analytical Reviews

Technical analysis

26.07.202106:30 Forex Analysis & Reviews: Forecast for EUR/USD on July 26, 2021

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 did not change a single point by the end of Friday, which generally plays into the hands of the dollar's appreciation. On the daily chart, the signal line of the Marlin Oscillator is trying to push through the lower border of its own channel. Success, that is, moving the price below the July 21 low will accelerate the euro's decline to the first target at 1.1705, and then, under further favorable circumstances, to the second target at 1.1640.

On a four-hour scale chart, the Marlin Oscillator could not settle above the zero line and is now ready to move down. The price did not rise above the balance (red) indicator line, which indicates the prevailing bearish trend in the short term.

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.