Forecast for EUR/USD on October 21, 2021

EUR/USD

The euro continues to struggle with technical resistance on a daily scale. Overcoming the Tuesday high (1.1669) will mean an exit above the MACD indicator line and above the August low.

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The Marlin Oscillator is growing in its positive area, which supports the price in this fight against resistances. If successful, the target will open at 1.1750 - the area of the peaks on September 21-24 and the low on July 21.

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The price is moving up on the four-hour chart, Marlin turned into a new wave of growth after a preliminary decline from the overbought zone.

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

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