FX.co ★ Forecast for EUR/USD on March 26, 2021

EUR/USD

In previous reviews, we counted on a correction based on erroneous information about Catholic Easter. The holiday was designated on March 26-29 in a number of economic calendars, while in reality it falls on April 2-5. The error in the calendars was corrected, and our inaccurate forecast, unfortunately, remained, for which we apologize.

Meanwhile, the euro successfully passed the 1.1800 target level (now this level has been updated to 1.1810) and has moved to the 1.1745 target level.

Now, either from the 1.1745 level, or from the current one, we expect a correction based on a more pronounced double convergence of price with the Marlin oscillator. The correction may still not be deep, limited from the top by the 1.1810 level, but it can continue in this range on Monday due to the lack of planned news.

A reversal of the Marlin oscillator indicates a reversal from the current levels on the H4 chart. The 1.1810 level, as you can see, corresponds to a slight consolidation on March 24th.