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22.10.202105:35 Forex Analysis & Reviews: Forecast for EUR/USD on October 22, 2021

EUR/USD

Yesterday, the euro made an attempt to break above the MACD indicator line and above the signal level of 1.1669. The resistance turned out to be strong, the euro closed the day with a decrease of 27 points. This morning the euro started growing, the Marlin Oscillator turned up from the zero line on the daily chart. It is unlikely for it to overcome the 1.1669 level today, but if the day closes with a white candle, then we can expect an attack on this signal level on Monday.

Exchange Rates 22.10.2021 analysis

On the four-hour chart, yesterday's correction took place above the balance indicator line, that is, while maintaining the overall upward trend. The Marlin Oscillator has entered the zone of negative values, but is already turning up and the day's closing may be in the positive zone. What, in fact, will prepare the basis for growth on Monday.

Exchange Rates 22.10.2021 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
© 2007-2021
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