FX.co ★ Forecast for EUR/USD on April 7, 2023

The euro rose 18 points on Thursday, despite the fact that other counter-dollar currencies closed the day with black candlesticks. Even the dollar index closed the day symbolically higher. The euro doesn't seem like it's going to rise to 1.1033, though with each passing day its strength is getting thinner and thinner. A sign of recovery is when the price climbs above 1.0960.

If the price crosses the support of the MACD line on the daily chart (1.0872), then the pair can reach the next target at 1.0758/87. The Marlin oscillator is descending, barely noticing yesterday's rise. On the four-hour chart, yesterday, the MACD and balance lines provided support to the price.

The support was so effective that even the leading Marlin oscillator returned to the positive zone. But at the moment, it pushes the zero line downwards, and the price is approaching the MACD line (1.0900) again. Crossing the MACD line on the four-hour chart (1.0900) will allow the price to gather strength before attacking the MACD line on the daily chart (1.0872). If it succeeds, the price can develop a medium-term attack on fairly deep targets at 1.0660, 1.0590.