Forecast for EUR/USD on April 9, 2020


The euro is not rushing to break through the technical support – the "bullish" mood has slightly strengthened over the past day. The signs of the previous testing of the target range of 1.0955 / 80 have increased before going into a medium-term decline.


The price has already reached the balance line on the four-hour (H4) chart. The Marlin oscillator feels confident and calm in the growth territory, while breaking through the support of the MACD line at the price of 1.0805 starts a decline towards the target of 1.0615.


From a practical point of view, opening purchases is associated with an increased risk of uncertainty. Therefore, it is suggested to wait for clear market signals, the first of which may be breaking through the MACD line on the four-hour (H4) chart.

The material has been provided by InstaForex Company -