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

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.

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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 is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.