Main Quotes Calendar Forum
flag

FX.co ★ Forecast for EUR/USD on August 21, 2020

parent
Forex Analysis:::2020-08-21T04:39:37

Forecast for EUR/USD on August 21, 2020

EUR/USD

The euro attempted a correction on Thursday after a significant fall on Wednesday, yesterday's growth was 25 points. The price continues to move in a horizontal trend within the uncertainty range of 1.1712-1.1905. The double divergence of the Marlin oscillator continues to exert overall pressure on the price on the daily chart.

Forecast for EUR/USD on August 21, 2020

The price went over the MACD line on the four-hour chart. The barrier to it is the upper limit of the uncertainty zone at the 1.1905 level.

Forecast for EUR/USD on August 21, 2020

When the price rises to this level, the signal line of the Marlin oscillator will reach the border of the rising trend territory, from which it can turn down, thereby showing a proactive direction to the price, since Marlin belongs to the group of leading indicators. With the price returning to the area under the MACD line, we expect a new wave of decline from the euro.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...