FX.co ★ Forecast for EUR/USD on May 25, 2021

EUR/USD

The consolidation we expected yesterday acquires an increased range, the price returns to the peaks on May 19 and 21. Most likely, the price will not be allowed to rise above these highs by the price channel line and double divergence with the Marlin oscillator. Until this exit has taken place, the main scenario is the euro reversal towards the departure under the May low of 1.1985.

The price is above the balance indicator lines and the MACD on the four-hour chart, while the Marlin oscillator has moved into the growth area. We don't expect Tuesday to be an easy day for the dollar, the euro, most likely, will stay above 1.2170 for another day.