Maradok 
Kereskedési feltételek
Products
Eszkozok
EUR/USD
On Friday, the euro fell by 36 pips on significant trading volumes. The reason behind this was the US inflation data, as US PCE inflation rose by 2.7% YoY in March, compared to 2.5% prior. So now the market only expects one rate cut from the Federal Reserve this year, which has a 60% chance.
Concerns have intensified, as some believe a potential rate hike may happen by the end of the year (in December), especially since the Fed has suggested something similar. So now we can assume that the corrective rise, which began on April 17th, has ended, and now the euro is heading towards the target range of 1.0636/56. Consolidation below it opens up the nearest target at 1.0567. The Marlin oscillator failed to reach the zero line on the daily scale, evidently due to its weakness.
On Friday, on the 4-hour chart, the price turned down from the intermediate level of 1.0757, which proved to be strong. The signal line of the Marlin oscillator has settled in the downtrend area, and the oscillator will help the price in overcoming the MACD line (1.0672) and then breaking through the support range.
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.
