FX.co ★ Forecast for EUR/USD on April 11, 2023

On Monday, the euro closed the day down by 42 points. On the daily chart, EUR crossed the MACD line. At the moment, the price is trying to climb above the MACD line, but the attempt looks weak. Closing the day below this line points to a consolidation and a bearish plan, with 1.0758/87 as the target range.

The Marlin oscillator is still in the positive area. Its transition to the zone of negative values and possible work in the oversold area may indicate a prospect of decline to 1.0590.

On the four-hour chart, the price is falling below both indicator lines, and Marlin is developing a downward direction in the area of the downtrend. I expect the price to fall to the 1.0758/87 range.