Forecast for EUR/USD on September 21, 2021


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.


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.


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

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