Forex Analysis & Reviews: Forecast for EUR/USD on July 27, 2021

EUR/USD
Yesterday, the euro rose by 33 points, while the Marlin oscillator entered the growth zone on the daily chart. Now the price can boldly attack the nearest target level of 1.1850. Consolidating above it will mean that the price is ready to attack the MACD line, moreover, at the point of its intersection with the target level of 1.1925. Consolidating above the level opens the prospect of growth at 1.2050 - to the low on May 13. It could possibly decline after the price breaks through the July 21 low at1.1752. In this case, the Marlin Oscillator will be able to exit the rising channel and move down.

The price has settled above the MACD line on the four-hour chart. Consolidating below it, below the level of 1.1800, introduces the price into the uncertainty zone up to the level of 1.1752. This uncertainty can be set by the expectations of market participants regarding the results of tomorrow's Federal Reserve meeting. With the price breaking through yesterday's peak at 1.1817, it could continue to rise to 1.1850.

Analysis are provided by InstaForex