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21.05.2025 05:19 AM
EUR/USD Forecast for May 21, 2025
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On Tuesday, the euro firmly consolidated above the daily-scale balance line indicator, closed the day above the resistance level of 1.1266, and began today with an upward move.

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Now, the bulls are aiming for the 1.1420 level. The Marlin oscillator will soon enter positive territory, join the upward movement, and support a breakout above 1.1420. We then expect continued growth toward 1.1535 and 1.1692.

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The price has already consolidated above the 1.1266 level on the four-hour chart. We also see the MACD line turning upward, which signals the confirmation of a short-term uptrend. The Marlin oscillator is also gaining momentum. We are now waiting for the price to reach the first target, 1.1420.

Laurie Bailey,
Analytical expert of InstaTrade
© 2007-2025

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