As we expected in yesterday’s review, the euro did not begin to develop growth, although it had technical prospects for this and even stimulating growth in related markets: gold rose 0.55%, the Canadian dollar rose 49 points, the pound with 10 points.
For the euro to grow, it is necessary to at least settle above the MACD indicator line, above 1.1340, which can only happen in the new year. In the meantime, the price wanders freely in the 1.2222-1.1383 range. The outlook for further decline, as it looks on the daily, is still dominated by a downward one, with 1.1170 as the target – the support area of mid-June 2020.
A pronounced sideways movement continues on the four-hour chart. The price winds a sine wave along the MACD line, the Marlin Oscillator is on the neutral zero line. We are waiting for the development of events in January.
*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
