On Thursday, the euro consolidated below the price channel line of the daily chart on the background of a neutral economic and political situation, helped by the indicator line of balance. The Marlin indicator s is still developing in the negative zone on the daily and H4 chart but there is no reversal sign on H4.
Today, the data on industrial production for December are released in the United States with a forecast of 0.2% and an increase in capacity utilization from 78.5% to 78.6%. Perhaps the data will help the price to increase with a decrease. We are waiting for the euro at 1.1302 (minimum of October 31) for several days.
In the case of a speculative outbreak, it is likely that it will stop in the range of 1.1436 / 56, which is formed by the MACD lines of both graphs.
The material has been provided by InstaForex Company – www.instaforex.com
EUR / USD pair
On Thursday, the euro consolidated below the price channel line of the daily chart on the background of a neutral economic and political situation, helped by the indicator line of balance. The Marlin indicator s is still developing in the negative zone on the daily and H4 chart but there is no reversal sign on H4.
Today, the data on industrial production for December are released in the United States with a forecast of 0.2% and an increase in capacity utilization from 78.5% to 78.6%. Perhaps the data will help the price to increase with a decrease. We are waiting for the euro at 1.1302 (minimum of October 31) for several days.
In the case of a speculative outbreak, it is likely that it will stop in the range of 1.1436 / 56, which is formed by the MACD lines of both graphs.
The material has been provided by InstaForex Company – www.instaforex.com
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