30.05.202205:04 Forex Analysis & Reviews: Forecast for EUR/USD on May 30, 2022

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The euro is trying to develop an upward trend - Friday closed above both indicator lines with a white candle, that is, the price settled above them. But the Marlin Oscillator began to turn down, and this reduces the likelihood of reaching the target levels of 1.0780 and 1.0830. There is a risk of a false exit of the price above the indicator resistance. At the same time, the price still has the desire and the opportunity to reach the level of 1.0780, that is, to complete what it could not do on Friday.

On a four-hour scale, as before, the Marlin Oscillator does not share the price's optimism. A divergence has formed, the signal line of the oscillator is in negative territory – there may well be a price surge with the intention of reaching 1.0600, or at least an attempt to overcome the MACD line (approximately 1.0645).

A variant is possible with the price reversing upwards from the level of 1.0600, that is, the now expected decline will only be a correction before the medium-term growth, approximately to the high on March 31 (1.1130/80).

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.