Trading Conditions
Products
Tools
EUR/USD
Yesterday the euro was trading in the 1.2132/77 range until late evening, forming a consolidation. In the last hours of trading, the euro came out of consolidation to the upside. Deciding to win back a full correction after the previous three-day fall. The correction was exactly 38.2% til this morning. In the near future, we are waiting for the quote to fall to the MACD line at around 1.2045.
The four-hour chart shows that the signal line of the Marlin oscillator has entered the zone of positive values. This is probably a sign of a succeeding correction to the MACD line in the 1.2245 area. In this case, the correction from the previous fall will be 50.0%. We are waiting for the price reversal and the subsequent development of the designated target at 1.2045.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.