19.10.202105:50 Forex Analysis & Reviews: Forecast for EUR/USD on October 19, 2021

The upward growth of the euro is accelerating. The point is that the price will immediately overcome the resistance of the MACD line at 1.1660. The Marlin Oscillator is preparing to move into the zone of positive values - into the zone of a growing trend. Further, after consolidating above the MACD line, the price will go to the target of 1.1750, set by the September 23 high and the July 21 low.

Exchange Rates 19.10.2021 analysis

Marlin has consolidated in the growth area on the four-hour chart. The price has overcome the local peak from the 14th this morning, the growth is taking place above the balance indicator line. The growth continues.

Exchange Rates 19.10.2021 analysis

*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
© 2007-2022
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