Forecast for EUR/USD on October 25, 2021

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.

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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.

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

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