FX.co ★ Forecast for EUR/USD on March 28, 2022

On Friday, attempts by the euro to grow in the first half of the day were eventually suppressed by the Federal Reserve's confirmation to raise the rate at the next meeting by 0.50 points at once (J. Williams), fluctuations in stock indices (S&P 500 0.51%, Nasdaq -0.16%, Russell 2000 -0.07%), that is, the cautious withdrawal of investors from the risk, the agreement reached between the US and the EU on the supply of American gas, the fall of the German IFO indices in March; the current assessment of the business climate fell from 98.5 to 90.8 (forecast 94.2), business expectations fell from 98.4 to 85.1 - it was worse only in May 2020 due to the coronavirus lockdown. As a result, the euro closed the day down 15 points.

The Marlin Oscillator on the daily chart no longer shows any intention to exit the negative area, while the price is already going under the signal level of 1.0962 and heading towards the target level of 1.0820. Overcoming 1.0820 opens the target at the lower border of the price channel at 1.0715.

On the four-hour chart, the price went under the MACD indicator line with consolidation, the Marlin Oscillator confirmed the falsity of the exit above the zero line and is now ready to resume the decline in the future of several days. We are waiting for the price at 1.0820.