Forecast for EUR/USD on September 7, 2021

EUR/USD

On Monday, while the US was celebrating a holiday, the euro spent the day in a small correction range and this morning it is restoring the upward local trend again. The indicators keep the upward direction, the first target is the level of 1.1920. Behind it is the second, more significant target at 1.1975 - the high on June 25.

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On the four-hour scale, the Marlin oscillator, after yesterday's false departure into the negative zone, returned to the positive zone - to the territory of growth. The support of the indicator lines has not been overcome, it is directed upwards, the trend is stable upward.

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The material has been provided by InstaForex Company - www.instaforex.com

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