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16.08.202106:02 Forex Analysis & Reviews: Forecast for EUR/USD on August 16, 2021

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EUR/USD

Last Friday, the euro grew by 66 points and on the daily timeframe it went above the balance indicator line. The Marlin Oscillator has consolidated in the zone of positive values - in the growth area. The euro continues its path to the target level of 1.1847. Consolidating above it will allow the growth to continue to 1.1925. With such an upward trend, the MACD line, located just above the first target level (1.1847), can be overcome on the first attempt.

The price settled above the MACD indicator line on the four-hour chart, encouraging itself to rise further. The Marlin Oscillator is high at the top, which still does not exclude the formation of sideways consolidation with support from the MACD line (1.1780) before further growth.

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