Forecast for EUR/USD on April 25, 2024 | Market Analysis
 

Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Forecast for EUR/USD on April 25, 2024
22:56 2024-04-24 UTC--4
Exchange Rates analysis

EUR/USD

Yesterday, the euro stalled at the signal-intermediate level of 1.0696 (February 14 low) and even closed above it with a daily candle. The Marlin oscillator's signal line crossed above the linear resistance and consolidated. Now, there are two important target levels: 1.0724 and 1.0757.

From a technical standpoint, the level of 1.0757 is intermediate before an attack on a more significant level at 1.0796, but the market may end the correction and turn around from any strong level. Moreover, upon reaching the level of 1.0757, the Marlin oscillator may reach the boundary of the positive territory and turn downwards from it.

analytics6629c4aa47d35.jpg

On the 4-hour chart, the Marlin oscillator is causing concern – it continues to move sideways regardless of the price movements. Marlin going into negative territory could bring the price back into the range of 1.0636/56. If the price continues to rise at an accelerated pace, Marlin will exit the range and move upwards, and the price may reach the level of 1.0796.

Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.