Yesterday the euro closed at the opening level. Technically, the declining situation has not changed. The pattern of the signal line of the Marlin Oscillator, marked with a gray rectangle on the daily chart, began to attract attention – it began to acquire even more similarity with the same sideways consolidation of the third decade of October – first decade of November. Such similarity of the selected plots indicates a predominant subsequent price reduction. Aim for 1.1050.
On the four-hour chart, the price is developing around the balance indicator line, but below the MACD line, the MACD line itself turned down. The signal line of the Marlin Oscillator is developing in the negative area. The general trend is downward. The price’s first task is to settle below the 1.1225/40 range.
*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
