FX.co ★ Forecast for EUR/USD on May 23, 2022

A serious struggle ensued before the level with the round number at 1.0600. This morning it becomes clear that the Marlin Oscillator going into the positive area is not false, it has settled above the zero line and the price is making a new attempt to overcome the resistance at 1.0600. The growth target is the MACD indicator line, around 1.0700.

On the H4 chart, the price is approaching the level of 1.0600, the Marlin Oscillator is looking for a chance to confidently rise. After surpassing the first level of 1.0600, the price has yet to go above 1.0642 – above the high of May 5, only then the target of 1.0700 will open.