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24.03.202206:05 Forex Analysis & Reviews: Forecast for EUR/USD on March 24, 2022

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Over the past two days, that is, for Wednesday and Tuesday, the euro has formed the support of 1.0962 with the lower pronounced shadows of daily candles. And since the daily trend remained downward, the signal line of the Marlin Oscillator did not dare to go into the positive area. Overcoming the freshly baked support will be a fresh impetus to continue the decline, towards the target of 1.0820.

Exchange Rates 24.03.2022 analysis

The 1.0962 level coincides with the support of the MACD line on the four-hour chart. This circumstance further increases the value of this level, so we are now waiting for a confident price movement with overcoming this line.

Exchange Rates 24.03.2022 analysis

Laurie Bailey
Analytical expert of InstaForex
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