On Monday, the Euro was still able to rise upward on fresh forces, where it was stopped by balance lines on the daily and four-hour scales and shipped slightly below the opening price of the week. Probably, the assessment of the ECB Head Mario Draghi of the European economy as slowing down on a quarterly report in the EU Parliament did not allow the market to break the main trend. As a result, the technical picture remains the same: the price is below all indicator lines on both scales, the Marlin indicator indicates a downward potential.
The first goal remains the goal of 1.1100 , while the second goal, as support for the trend line of the price channel, became slightly lower in terms of the time factor – 1.1097 – this is the minimum in May 2016.
The material has been provided by InstaForex Company – www.instaforex.com
EUR / USD
On Monday, the Euro was still able to rise upward on fresh forces, where it was stopped by balance lines on the daily and four-hour scales and shipped slightly below the opening price of the week. Probably, the assessment of the ECB Head Mario Draghi of the European economy as slowing down on a quarterly report in the EU Parliament did not allow the market to break the main trend. As a result, the technical picture remains the same: the price is below all indicator lines on both scales, the Marlin indicator indicates a downward potential.
The first goal remains the goal of 1.1100 , while the second goal, as support for the trend line of the price channel, became slightly lower in terms of the time factor – 1.1097 – this is the minimum in May 2016.
The material has been provided by InstaForex Company – www.instaforex.com
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