The euro rose on Tuesday, penetrated into the accumulation zone on April 28-May 11 – a range of 1.0493-1.0600, where it can wander freely. We are waiting for the moment when it stops wandering, the price will go under the lower border of the range and return to the support of 1.0340. Then we are waiting for this support to be overcome and move towards 1.0170 (approximate high of November 2002).
The Marlin Oscillator touches the zero line on a daily scale, symbolically overcomes it, and in line with the main scenario, it can move along it. Consolidating above 1.0600 may shed a corrective growth to the MACD line in the area of 1.0720.
The price develops above both indicator lines on a four-hour scale, Marlin lies in the horizon in the positive area. The potential is growing, but growth in the range is not predictable.
*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
