Forex Analysis & Reviews: Forecast for EUR/USD on July 25, 2022

On the daily scale chart, on Friday, it is noticeable how the price touched the support at 1.0150 with its lower shadow and slightly jumped. This morning the price makes another attempt to overcome this level.

Overcoming 1.0150 will make it possible to develop an attack to the target level of 1.0020. Further, the 0.9950 target will open.

The signal line of the Marlin Oscillator is turning down from the upper border of its own descending channel.

Marlin is developing a bearish attack on the four-hour chart. The support of the MACD line at 1.0100 under the nearest target level of 1.0150. It plays the role of an intermediate resistance on the price path to 1.0020.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex

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