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07.08.2025 05:07 AM
EUR/USD Forecast for August 7, 2025

As a result of yesterday's 84-pip rise, the euro broke above the target level of 1.1632, testing the balance indicator line. The correction from the downward move that began on July 1 reached 61.8%. However, the Marlin oscillator's signal line has not yet moved into positive territory, which means a price reversal below 1.1632 remains possible. A consolidation below this level would return the quote to 1.1495.

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If today closes above yesterday's high and Marlin moves into the growth zone, the price is likely to continue rising toward the MACD line near 1.1777. Only a firm hold above this level would allow the pair to break through the upper boundary of the green price channel.

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The downward movement also faces strong resistance levels: the four-hour MACD line, the Marlin oscillator's trend boundary (which is still a fair distance away), and the support level at 1.1495.

As a result, the euro has widened its zone of uncertainty: 1.1495–1.1777. However, in the current situation, we expect a correction of the upward move from August 1, approximately toward 1.1565 (the 38.2% Fibonacci retracement level and the July 17 low).

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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