On Monday, the euro tried once again to work out the upper limit of the range of 1.1750-1.1832, but it did not succeed and the closing occurred under the lower boundary of the range. The reason for the active movement was Mario Draghi’s remark about the optimistic prospects of the labor market.
On the four-hour chart, the Marlin oscillator signal line moved to the negative number zone this morning, this is a prerequisite for the decline. After the price has gone under the trend line Kruzenshtern (1.1690), a primary condition will be formed. Tomorrow, the Fed will raise the base rate to 2.25%, which allows considering the lower targets of 1.1510 and 1.1300 in the short term.
The material has been provided by InstaForex Company – www.instaforex.com
EUR / USD
On Monday, the euro tried once again to work out the upper limit of the range of 1.1750-1.1832, but it did not succeed and the closing occurred under the lower boundary of the range. The reason for the active movement was Mario Draghi’s remark about the optimistic prospects of the labor market.
On the four-hour chart, the Marlin oscillator signal line moved to the negative number zone this morning, this is a prerequisite for the decline. After the price has gone under the trend line Kruzenshtern (1.1690), a primary condition will be formed. Tomorrow, the Fed will raise the base rate to 2.25%, which allows considering the lower targets of 1.1510 and 1.1300 in the short term.
The material has been provided by InstaForex Company – www.instaforex.com
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