For Traders

Analytical Reviews

Technical analysis

23.05.202205:11 Forex Analysis & Reviews: Forecast for EUR/USD on May 23, 2022

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.

A serious struggle ensued before the level with the round number at 1.0600. This morning it becomes clear that the Marlin Oscillator going into the positive area is not false, it has settled above the zero line and the price is making a new attempt to overcome the resistance at 1.0600. The growth target is the MACD indicator line, around 1.0700.

On the H4 chart, the price is approaching the level of 1.0600, the Marlin Oscillator is looking for a chance to confidently rise. After surpassing the first level of 1.0600, the price has yet to go above 1.0642 – above the high of May 5, only then the target of 1.0700 will open.

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.