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14.10.202105:28 Forex Analysis & Reviews: Forecast for EUR/USD on October 14, 2021

EUR/USD

As we expected in yesterday's review, the euro did not hesitate to implement reversal technical patterns and shot up 65 points. It has overcome the 1.1570 level, now the target is the MACD line on the daily scale chart in the area of 1.1670.

Exchange Rates 14.10.2021 analysis

On the four-hour chart, the price settled above the balance and MACD lines, the Marlin Oscillator is rising in the positive area. Note that a sharp rise began after the price touched the MACD indicator line, and this strengthened the upward movement.

Exchange Rates 14.10.2021 analysis

Investors are also likely to include the expected rise in oil in the price of the euro, as today there are data on stocks of raw materials and distillates, but forecasts for them are negative, as well as Friday's data on retail sales in the United States for September, the forecast for which is -0.2%...

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2021
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