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Forecast for EUR/USD on July 26, 2021

EUR/USD

The euro did not change a single point by the end of Friday, which generally plays into the hands of the dollar's appreciation. On the daily chart, the signal line of the Marlin Oscillator is trying to push through the lower border of its own channel. Success, that is, moving the price below the July 21 low will accelerate the euro's decline to the first target at 1.1705, and then, under further favorable circumstances, to the second target at 1.1640.

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On a four-hour scale chart, the Marlin Oscillator could not settle above the zero line and is now ready to move down. The price did not rise above the balance (red) indicator line, which indicates the prevailing bearish trend in the short term.

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