The euro rose 18 points on Thursday, despite the fact that other counter-dollar currencies closed the day with black candlesticks. Even the dollar index closed the day symbolically higher. The euro doesn’t seem like it’s going to rise to 1.1033, though with each passing day its strength is getting thinner and thinner. A sign of recovery is when the price climbs above 1.0960.
If the price crosses the support of the MACD line on the daily chart (1.0872), then the pair can reach the next target at 1.0758/87. The Marlin oscillator is descending, barely noticing yesterday’s rise. On the four-hour chart, yesterday, the MACD and balance lines provided support to the price.
The support was so effective that even the leading Marlin oscillator returned to the positive zone. But at the moment, it pushes the zero line downwards, and the price is approaching the MACD line (1.0900) again. Crossing the MACD line on the four-hour chart (1.0900) will allow the price to gather strength before attacking the MACD line on the daily chart (1.0872). If it succeeds, the price can develop a medium-term attack on fairly deep targets at 1.0660, 1.0590.
*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
