Forex Analysis & Reviews: Forecast for EUR/USD on February 24, 2022

After yesterday's attempt to go above the balance indicator line of the daily timeframe, the price moved down with even greater determination, closed the day with a black candle, and this morning it crosses the area under the MACD indicator line and the target level of 1.1280. The euro is now set on a path to a target level of 1.1060, the approximate low of February 1994.

The price firmly settled below the balance line on the four-hour chart, the Marlin Oscillator rushed down with force after consolidating at the zero line. The situation is going down.

Analysis are provided by InstaForex