Forecast for EUR/USD on February 24, 2021

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Forecast for EUR/USD on February 24, 2021

Forecast for EUR/USD on February 24, 2021

EUR/USD

Yesterday, the euro stopped rising on its way to the nearest target of 1.2190, but it is still determined to reach not only this target, but also 1.2272. Drifting under the MACD line, below 1.2105, will return the euro to a downward trend.

Forecast for EUR/USD on February 24, 2021

The price rises on the four-hour timescale, while the Marlin oscillator turns up. We are waiting for the price to overcome the first target at 1.2190.

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The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.fx.co/forex_analysis/quickview/271642/