Time is currently working against the euro. If the single currency does not test the MACD line (1.0755) on the daily timeframe within the next two days, the technical situation will no longer allow for such a scenario.
At the moment, if the price breached yesterday’s low at 1.0691, it will move towards the target range of 1.0636/50 and further towards 1.0595. The Marlin oscillator is currently within a narrow sideways range (grey area), maintaining a neutral position and this gives the price a chance to test 1.0755.
On the 4-hour chart, the price has settled below the level of 1.0724 and is entangled around the MACD line. The Marlin oscillator has settled on a downward trajectory. We’re waiting for the price to break yesterday’s low and further progress on the decline according to the main scenario.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
If you have an interest in any area of Forex Trading, this is where you want to be.
Global Fx Trading Group is a world leader in providing Fx services, o individual traders, including: Unmatched funding programs, on-line education, virtual trading rooms, automation tools, robot building, and personal coaching.
The company was first established by Jeff Wecker, former member of the Chicago Board of Trade, with 28 years in the industry. Jeff has a keen understanding of the needs of Forex traders and those needs are our focus.
Please join our VIP Group while is still FREE …
https://t.me/joinchat/JqsXFBKpyj3YS4bLWzT_rg
Our mission is simple: To enhance as many lives as we can through education and empowerment.
#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom
