Forecast for EUR/USD on September 28, 2022 | Market Analysis
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Forecast for EUR/USD on September 28, 2022
23:08 2022-09-27 UTC--4
Exchange Rates analysis

The euro's consolidation at 0.9625 proved to be short-lived. Yesterday it closed under this level, which showed the price consolidating below it and revealed the euro's plan - to attack 0.9520 and try to reclaim 0.9404.

The Marlin Oscillator has slightly corrected up and sideways, it is ready to continue its decline.

analytics6333b968b625a.jpg

On the four-hour chart, the price also looks fixed below the level of 0.9625, the Marlin Oscillator has discharged from the oversold zone, now it is ready to resume the local downward trend.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.