After the release of US employment data on Friday, the euro slightly corrected upwards, despite the good US data – employment almost reached pre-pandemic levels, however, unemployment in the eurozone fell below historical lows.
But the euro’s growth has not received development, this morning it is declining from the achieved resistance of 1.0170. On the daily chart, the Marlin Oscillator has already reached the oversold zone, but it still has the opportunity to reach one of the nearest bearish levels – 1.0020 or 0.9950. From the parity area, we expect a more or less long-term correction.
On the four-hour chart, the Marlin Oscillator turned down from its own zero line, which is the support/resistance level. After consolidating under 1.0170, we are waiting for a new effort to reach new lows.
*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
