Real-time stock and forex trading analysis, featuring market trends, price fluctuations, and actionable trading ideas. With detailed charts and expert insights, it helps users make informed decisions in a streamlined, user-friendly interface.

Tuesday, May 20, 2025

EUR/USD Forecast for May 21, 2025

May 20, 2025 0 comments

EUR/USD Forecast for May 21, 2025

On Tuesday, the euro firmly consolidated above the daily-scale balance line indicator, closed the day above the resistance level of 1.1266, and began today with an upward move.

analytics682d44663c05c.jpg

Now, the bulls are aiming for the 1.1420 level. The Marlin oscillator will soon enter positive territory, join the upward movement, and support a breakout above 1.1420. We then expect continued growth toward 1.1535 and 1.1692.

analytics682d4486685f7.jpg

The price has already consolidated above the 1.1266 level on the four-hour chart. We also see the MACD line turning upward, which signals the confirmation of a short-term uptrend. The Marlin oscillator is also gaining momentum. We are now waiting for the price to reach the first target, 1.1420.

The material has been provided by - RobotFX

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)