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Forecast for EUR/USD on August 19, 2021

EUR/USD

Yesterday, the euro spent the entire day at the support of the 1.1705 target level, and this morning it continued to decline to the next target of 1.1640. The Marlin Oscillator is strengthening its downward movement, but it still has a potentially deep decline. Therefore, if the price reaches the target level of 1.1640, the price will continue to decline to the next bearish target of 1.1550.

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On the four-hour scale, the price consolidated under yesterday's support, under the balance and MACD indicator lines, the Marlin Oscillator continues to decline in the negative area.

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