Forecast for EUR/USD on April 16, 2020

EUR/USD
The euro did not do anything unnecessary, nor did it make any false movements on Wednesday, turning down exactly from the MACD line on the daily chart. Simultaneously with the price reversal, the signal line of the Marlin oscillator turned down from the border of the growth territory (the exit above the zero line was insignificant, which can not even be called false). Now the euro's target is the embedded price channel line around 1.0610.



This morning, the price retreated under the balance and MACD indicator lines on the four-hour chart, the Marlin oscillator has consolidated on the declining trend zone. We are expecting the price to fall to the designated goal.



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