The euro fell by 75 points on Wednesday after falling by 63 points on Tuesday, that is, the decline is gaining momentum. The support of 1.0493 was successfully overcome, now the price has its target at 1.0340 – the low of January 2017. The Marlin Oscillator on the daily scale has quite a long way ahead.
On the four-hour chart, the price settled under the MACD indicator line, the line itself turned down again.
The signal line of the Marlin Oscillator has come under the lower boundary of its own descending channel, which shows the intention to accelerate the downward movement. We are waiting for the price at the target level of 1.0340.
*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
