empty
 
 
21.09.2021 05:48 AM
Forecast for EUR/USD on September 21, 2021

EUR/USD

The market panic associated with the bankruptcy of China's largest developer Evergrande Group has stopped since it is a holiday in China yesterday and today (mid-autumn holiday) and was more reflected in the stock markets: S&P 500 -1.70%, Euro Stoxx 50 -2.11%... The dollar index closed the day unchanged - at the end of Friday. Investors are already getting stronger in the idea that at tomorrow's Federal Reserve meeting will keep the current monetary policy unchanged and even voice new economic risks.

This image is no longer relevant

The euro is turning up on the daily chart, the Marlin Oscillator is also turning up in the negative zone. Consolidating above the 1.1750 target level will strengthen this movement. The main sign of the established growth will be the price crossing over the MACD line at 1.1782. Growth targets are marked on the chart: 1.1852, 1.1920.

This image is no longer relevant

On the four-hour timescale, the Marlin Oscillator has turned up sharply, a sign of the intent to quickly return to growth as well.

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
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 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.
    JOIN CONTEST
  • 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.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

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