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05.07.202204:47 Forex Analysis & Reviews: Forecast for EUR/USD on July 5, 2022

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In the absence of American players on the market yesterday, the euro did not fall, and growth is planned this morning. The correction will probably continue to the target level of 1.0493 with a slight overlap, until the MACD indicator line of the daily scale (1.0515) is worked out.

The daily Marlin Oscillator is turning up, helping the correction. From the indicated resistances, a price reversal to the target level of 1.0340 is likely. If the price settles above 1.0493 (this is an alternative), the price will continue to rise to the target level of 1.0600.

Yesterday's small attempt to increase the price was stopped by the MACD indicator line of the four-hour scale. The Marlin Oscillator is currently crossing the border with the territory of the growing trend, which helps the price to re-attack the MACD line (1.0454). Breaking this line will open the 1.0493 target.

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