Yesterday, the euro did not build on Wednesday’s success – yesterday it fell by 80 points, and the day’s low reached the target level of 1.0493. Thus, the price clearly prepared to storm this support after the release of US employment data tonight and further decline to the lower border of the price channel at 1.0405 on the daily chart, further leaving the channel down to the target level of 1.0340 (January 2017 low).
The price settled below the MACD indicator line on the four-hour chart, the Marlin Oscillator has not yet decided to enter the bears zone. The euro is preparing for the release of employment data in the US. The unemployment forecast for April is 3.5% against 3.6% in March.
*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 25 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
