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21.11.2022 05:04 AM
Forecast for EUR/USD on November 21, 2022

On Friday, the euro managed to settle below the upper limit of the wide range at 0.9710-1.0360. The Marlin Oscillator is now moving downwards. Apparently, the bears will soon take the target level of 1.0205.

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On the four-hour chart, the price has already crossed the balance indicator line (moving red). The Marlin Oscillator continues to move down in the territory of negative values.

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After crossing the MACD line (1.0275) the price will continue to move to the target support of 1.0205. Settling below the level opens the target range of 1.0100/20.

Laurie Bailey,
Analytical expert of InstaForex
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