FX.co ★ Forecast for EUR/USD on May 25, 2020

EUR/USD

The euro was down 64 points at one point last Friday, precisely testing the support of the MACD line on the daily chart. The signal line of the Marlin oscillator is slightly above the border with the territory of the negative trend. There is not much time left for the price and marlin to go downward in a coordinated fashion. The first target of the movement is the lower border of the trading range of 1.0767-1.0995. Overcoming the level opens the target along the line of the price channel - 1.0578.

The price was also precisely marked on the MACD line on the four-hour chart. Accordingly, the 1.0885 level is strong and acts as a signal level, overcoming which unfolds a downward movement to the first target of 1.0767. The Marlin oscillator on the territory of the bears.