FX.co ★ Forecast for EUR/USD on February 27, 2023

Last Friday, the euro made a big deal. It settled under the support of 1.0595. The signal line of the Marlin oscillator is declining, the next thing to do is to reach the target range of 1.0443/70. Consolidating under the range can push the price to fall to 1.0290, the low of November 30, 2022.

On the four-hour chart, the price decreases under the indicator lines, the Marlin oscillator is on the downside, and though it turned to the upside, it has no divergence forms, or triangular or other geometric patterns.

As a consequence, we don't expect the corrective growth to be deep, at the end of which I expect the price to fall in the specified target range.