FX.co ★ Forecast for EUR/USD on April 18, 2022

The euro continues its slow downward movement to the target range of 1.0636/70. We have already noted that a consolidation above this range will determine a long-term downward direction for the euro, so the surprise from the single currency may still be like one that does not want to give up at the last moment.

The Marlin Oscillator continues to move sideways on the daily chart, and this may also hide the bulls' potential.

The price settled under the balance and MACD indicator lines on the four-hour chart, continues to develop under these lines. Marlin is in the negative zone, the euro continues to slowly lose ground.