FX.co ★ Forecast for EUR/USD on March 4, 2021

EUR/USD

Yesterday, the euro reached the MACD indicator line and sharply turned downwards from it. The Marlin oscillator is in the negative zone, the trend has strengthened the downward mood, we are waiting for the price to reach the target level of 1.1948, the February 5 low. Then the price may continue to fall to the target levels 1.1915 and 1.1865.

The oscillator signal line has turned to the downside from the border of the growth area on the four-hour chart. Marlin and price indicators are directed to the downside, the trend is completely downward. We are waiting for the price to reach the indicated levels.