25.07.2022 04:47 AM
Forecast for EUR/USD on July 25, 2022

On the daily scale chart, on Friday, it is noticeable how the price touched the support at 1.0150 with its lower shadow and slightly jumped. This morning the price makes another attempt to overcome this level.

This image is no longer relevant

Overcoming 1.0150 will make it possible to develop an attack to the target level of 1.0020. Further, the 0.9950 target will open.

The signal line of the Marlin Oscillator is turning down from the upper border of its own descending channel.

This image is no longer relevant

Marlin is developing a bearish attack on the four-hour chart. The support of the MACD line at 1.0100 under the nearest target level of 1.0150. It plays the role of an intermediate resistance on the price path to 1.0020.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex always strives to help you
    fulfill your biggest dreams.
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback