FX.co ★ Forecast for EUR/USD on May 27, 2021

EUR/USD

The euro began to decline. Yesterday the price expectedly left the wedge-shaped formation downwards, this morning the Marlin oscillator attacks the border of the downward trend. Double divergence is gaining strength. The first target for the decline is the MACD line in the area of 1.2055, which is near the low on May 13.

The price settled under the MACD line on the four-hour chart, and the Marlin oscillator was deeply embedded in negative territory. We are waiting for the price at the designated target.