empty
 
 
13.10.2021 05:39 AM
Forecast for EUR/USD on October 13, 2021

EUR/USD

The euro fell as expected on Tuesday, but at the same time strengthened the technical prerequisites for an upward reversal - this is the formation of a double convergence of the price with the Marlin Oscillator and a wedge-shaped price structure, from which, according to statistics, there will be a 70% exit to the upside. Such a signal is when the price breaks through the resistance of 1.1570, from which the price turned down yesterday. The growth target is the MACD line around 1.1678.

This image is no longer relevant

On the four-hour chart, the price is trying to break above the MACD line. The same intention - to move into the growth zone, is shown by the Marlin Oscillator. Exit of the price above 1.1570 will automatically mean that the price will exit above the balance line (red indicator), which will fulfill all the technical conditions for the euro to rise in the short term, that is, until the first specified target (1.1678).

This image is no longer relevant

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 $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.
    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