Analytical Reviews

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Forecast for EUR/USD on October 25, 2021
00:53 2021-10-25 UTC--4

EUR/USD

For the last four days, the euro could not get above the resistance of the MACD indicator line, which created tension in this area of local growth, and if the resistance is overcome, or rather, the signal level of 1.1669, then the price may show a rapid rise.

The closest target in this case will be the level of 1.1750 - the resistance on September 21-24. The Marlin Oscillator turned upwards from the zero line, this is a sign of the imminent breaking of the signal level of 1.1669.

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On the four-hour chart, the price found support at the balance indicator line, the Marlin Oscillator attacks the border of the positive area - with an area of a rising trend. There is a prospect of further price growth.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.