Forecasts for EUR/USD on March 10, 2021

EUR/USD

Yesterday, the euro decided to deepen the correction, rising above the lower border of the descending price channel. With closing short positions, if investors decide to wait for tomorrow's meeting of the ECB, then the price may remain within the price channel, above 1.1880, until tomorrow.

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The Marlin oscillator has formed its own wide range on the four-hour chart, in which it is also convenient for it to spend the next day. All these signs point to the upcoming price consolidation slightly above the 1.1880 level.

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The material has been provided by InstaForex Company - www.instaforex.com

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