FX.co ★ Forecast for EUR/USD on April 12, 2021

EUR/USD

The eurozone reports that were released last Friday came out weak: Germany's trade balance reached 19.1 billion euros in February against expectations of 23.4 billion and 21.3 billion in January, German industrial production fell by 1.6% against expectations of growth by 1.6%, industrial production in France fell by 4.7% (forecast + 0.5%). The euro fell by only 12 points due to the reports. Perhaps the euro has become attached to the yields on government bonds, which slightly grew on Friday. But both bonds and the dollar are still ahead...

The Marlin oscillator is turning around its own resistance level at 0.0092. Let's consider the current moment on the four-hour chart:

The divergence works out its influence to the full extent- the signal line of the oscillator is embedded into the zone of negative values. After surpassing the April 8 low at 1.1861, the first target level (1.1810) opens. The second target (1.1745) opens behind it.