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

EUR/USD

The euro paused at the target level of 1.1650 on Thursday, forming a consolidation (according to our early forecast) before moving to 1.1550. The signal line of the Marlin oscillator is still moving up, which may indicate that consolidation will continue today. From the side of the news stream, investors are waiting for the release of data on orders for durable goods in the US for the month of August, the forecast for the indicator is 1.1%, which looks small after July's 11.4%, respectively, investors will not have incentives for active buy positions of the dollar.

The Marlin oscillator is also increasing on the four-hour chart with no signs of a reversal. We need to wait until the correction ends at the beginning of next week, and after the price settles below the 1.1650 level, afterwards, we can open short positions.