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25.05.202204:47 Forex Analysis & Reviews: Forecast for EUR/USD on May 25, 2022

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Yesterday the euro chose to continue the correction with the full development of the MACD indicator line. The daily Marlin Oscillator is turning down, of course, a downside scenario is more likely. Targets for a decline are marked on the chart: 1.0600, 1.0493, 1.0340.

The situation for the reversal looks even stronger on the four-hour chart: the price has formed a triple divergence with the Marlin Oscillator. At the same time, the signal line of the oscillator has formed a wedge, from which a downward breakthrough is already taking place. We are waiting for the price at the first target level of 1.0600.

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