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24.05.202204:42 Forex Analysis & Reviews: Forecast for EUR/USD on May 24, 2022

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The euro rose by 126 points on Monday, the price did not reach the resistance of the MACD line by about 10 points, and today it is turning down in the Asian session. The Marlin Oscillator also shows the beginning of a reversal. It may well be that the price will restore the medium-term decline without working out the MACD line. The final confirmation of this scenario will be the departure of the price under the level of 1.0600. Targets are: 1.0493, 1.0340.

On the four-hour chart, the signal line of the Marlin Oscillator reverses from the horizontal level for the third time. Perhaps this is still a reversal after a weak but double divergence.

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