The euro fell by 57 points on Wednesday. The daily candle has covered (engulfed) the white candle of Tuesday, which is one of the signs of a downward trend reversal. At the moment, the price is trying to grow, but it is being held by the balance (red) and MACD (blue) indicator lines. The Marlin Oscillator is turning down. The bears’ goals remain the same: 1.0600, 1.0493, 1.0340.
The downward direction has not yet gained a foothold on the H4 chart. The leading Marlin Oscillator penetrated into negative territory yesterday, but did not settle on it on the first attempt. A significant signal of reaching the first target at 1.0600 will be when the price overcomes yesterday’s low at 1.0642. The MACD line is just below the level of 1.0600, which strengthens it, so you should wait for the price to settle below it in order to carry out trading strategies with the euro target at 1.0493.
*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
