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FX.co ★ Forecast for EUR/USD on May 28, 2021

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Forex Analysis:::2021-05-28T04:13:02

Forecast for EUR/USD on May 28, 2021

EUR/USD

Yesterday the euro changed by only 3 points, but did an important job - it settled under the wedge, from which it went down on Wednesday. The signal line of the Marlin oscillator has already reached the border of the bears' territory and, under the pressure of the double divergence, intends to settle on it. The euro is aiming for the MACD indicator line at 1.2055, which is close to the low on May 13.

Forecast for EUR/USD on May 28, 2021

Yesterday, the price settled under the MACD line on the four-hour scale, today it is ready to intensify its decline. We are waiting for the price at the designated target in the future for four days.

Forecast for EUR/USD on May 28, 2021

Analyst InstaForex
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