FX.co ★ Forecast for EUR/USD on May 25, 2022

Yesterday the euro chose to continue the correction with the full development of the MACD indicator line. The daily Marlin Oscillator is turning down, of course, a downside scenario is more likely. Targets for a decline are marked on the chart: 1.0600, 1.0493, 1.0340.

The situation for the reversal looks even stronger on the four-hour chart: the price has formed a triple divergence with the Marlin Oscillator. At the same time, the signal line of the oscillator has formed a wedge, from which a downward breakthrough is already taking place. We are waiting for the price at the first target level of 1.0600.