Forecast for EUR/USD on October 21, 2021


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.


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.


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.

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