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28.02.201908:18 Forex Analysis & Reviews: Forecast for EUR / USD for February 28, 2019

Long-term review

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EUR / USD

Yesterday, the euro fell by 18 points. The dollar didn't have enough energy to continue active activities. The Kruzenshtern line on the daily chart and the four-hour balance line turned out to be strong support. The price divergence with the Marlin oscillator became slightly more pronounced, however, Marlin's signal lines on both scales remain in the growth zone. The first signal of the market to continue the decline will be the departure of the price under the Kruzenshtern line on the daily chart (below 1.1358). The confirming signal will be the overcoming of the Kruzenshtern line on the four-hour chart (below 1.1336). At the moment, there is a risk of price fixing above 1.1407 with the possibility of growth to 1.1448, which will lengthen the correction to the Fibonacci level of 76.4% (four-hour chart).

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