Yesterday, the euro increased to the price of 1.1255, but the MACD line on the four-hour chart slowed down its course and it failed to reach the price, leaving the euro with a small maneuver to test this line. In general, we are waiting for the price to move below the lower limit of the range of 1.1184-1.1255 with a further decrease to previously designated targets: 1.1155 (110.0% Fibonacci), 1.1075 (123.6%), 1.0985 (138.2%). In both charts, the price indicators and the marlin oscillator shows that the downtrend is preserved: the price is below the indicator lines on the charts, the signal line of the marlin oscillator to daily in the decline zone.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD
Yesterday, the euro increased to the price of 1.1255, but the MACD line on the four-hour chart slowed down its course and it failed to reach the price, leaving the euro with a small maneuver to test this line. In general, we are waiting for the price to move below the lower limit of the range of 1.1184-1.1255 with a further decrease to previously designated targets: 1.1155 (110.0% Fibonacci), 1.1075 (123.6%), 1.0985 (138.2%). In both charts, the price indicators and the marlin oscillator shows that the downtrend is preserved: the price is below the indicator lines on the charts, the signal line of the marlin oscillator to daily in the decline zone.
The material has been provided by InstaForex Company – www.instaforex.com
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