The euro fell by 90 points on Friday, blocking the last two days’ growth. Taking into account that the growth took place at the meetings of the Federal Reserve and the European Central Bank, Friday’s fall can be conventionally taken as an unambiguous signal for further decline.
On the daily chart, the Marlin Oscillator has sharply entered the territory of the downward trend. The pair will likely overcome the nearest target level at 1.1170, we are waiting for the price at the level of 1.1050 – this is the peak of March and December 2015.
On the four-hour timeline, the price is completely in a downward trend, but reached the support area on December 7th and 15th, from which the price could bounce upwards before falling further towards 1.1170. If there is no such small correction, the price will reach the first target in the next two days.
*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 to 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
