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28.07.202106:13 Forex Analysis & Reviews: Forecast for EUR/USD on July 28, 2021

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

EUR/USD

Before today's Federal Reserve meeting, the euro strengthened the reversal trend. Yesterday, another such sign of a reversal was a wide-range day of 71 points with a final rising close. The Marlin oscillator continues to grow in positive territory within its own channel. The price's exit above the target level of 1.1850 will confirm the reversal and send the price to the target level of 1.1925, which is approaching the MACD indicator line.

Exchange Rates 28.07.2021 analysis

It is very likely that investors strongly doubt the tightening of the Fed's rhetoric even after good economic data. The main reason for such doubts is the deterioration of the epidemiological situation in the United States. Also on the agenda is a new problem for the United States – the completion of the legally approved deadline for increasing the national debt. Last week, the Minister of Finance, Janet Yellen, has already submitted a letter to Congress asking for an early resolution of this issue due to increased economic uncertainty (due to the pandemic) and a high proportion of retiring public sector workers. As usual, raising the national debt limit is a favorite object for trading between the chambers of Congress and this is not good for the dollar.

Exchange Rates 28.07.2021 analysis

On the four-hour scale chart, the price settled above the balance and MACD lines after a false short-term departure under them. The signal line of the Marlin oscillator in this struggle turned exactly from the zero line up. We are waiting for the development of the upward movement.

Laurie Bailey
Analytical expert of InstaForex
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