The euro continued to grow on Tuesday and set new tasks for solving: will the price settle above the overcome resistances, this is the level of 0.9950 and the upper line of the price channel and continue to grow to 1.0050, or will it return with a consolidation to the level of 0.9950 and then continue to descend to 0.9864 and 0.9724?
The Marlin Oscillator on a daily scale is prone to a reversal of corrective growth from current levels, and the price’s exit above resistance will become a false signal. In this case, the downward channel will be abolished. The main events will take place tomorrow when the European Central Bank announces its decision on monetary policy.
A price divergence is forming with the Marlin Oscillator on the four-hour chart. If this is not a reversal, then the probability of a sideways price movement. The safe waiting range is 0.9864-0.9950. The lower level (0.9864) is supported by the MACD indicator line.
*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
