FX.co ★ Forecast for EUR/USD on September 13, 2022

The euro showed a strong growth on Monday - a rise in the moment by 154 points, closing the day by 80 points. The target level of 1.0150 was pierced, the closing of the day occurred under the level where the price is now.

The signal line of the Marlin Oscillator is starting to turn down, perhaps this is the beginning of the price reversal into a new wave of medium-term decline, because the opening gap of the week is still not closed (the nearest target is 1.0020). Consolidating above 1.0150 will formally open the target of 1.0360, but this range is very tight, it was formed in the period from July 19 to August 17, so a downward reversal can happen without reaching the target of 1.0360.

The price settled below 1.0150 on the four-hour chart, yesterday's exit above this level in this situation can be interpreted as false, until it settles above the level. The Marlin Oscillator is declining. According to the main scenario, we are waiting for the closing of yesterday's gap, the development of support at 1.0020. Consolidating below the level will open the target at 0.9950 (14 July low).