Yesterday, the euro fell by 0.59% and became the leader of the day. The price is approaching the 1.0890 target, set by the MACD line on the daily chart. The Marlin oscillator, which is rapidly declining towards the border of the area of the downtrend, is helping the price to reach this target.
Later, when the price overcomes the support of the indicator line and Marlin ends up in negative territory, the euro will steadily embark on a medium-term decline. The nearest target after consolidating below 1.0890 is the 1.0758/87 range.
On the four-hour chart, the price has spent a lot of energy consolidating below the balance and MACD indicator lines. The Marlin oscillator is also slightly recovering after a strong downward movement. The support level at 1.0890 is strong, so the price needs to rest for a bit before attacking it.
*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
