The Western media’s escalation of fears around the situation in Ukraine has reached its goal – the S&P 500 stock index fell by 1.90% on Friday, the euro by 77 points. The hysteria was aggravated by a new rumor – on Wednesday, February 16, an extraordinary meeting of the Federal Reserve may be held to change the rate.
On the daily chart, the signal line of the Marlin Oscillator has penetrated into negative territory, and now the probability of a double divergence has become extremely small. Now the euro’s medium-term fall is becoming the main scenario. But this scenario still needs to be confirmed. To do this, the price should consolidate under the target level of 1.1300 and overcome the MACD line. The first target at 1.1060 will open – the high of December 2015.
On the four-hour chart, the price has overcome the support of the MACD line, Marlin is declining in the negative area – the situation is down.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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