Euro, in accordance with our main scenario, lies in a narrow range of the last three days. The signal line of the Marlin Oscillator on the daily timeframe for the last three days is still trying to approach the border with the growth area and overcome it.
Today we will receive a report on the estimate of the trade balance of the euro area for June - a forecast of 10.9 billion euros against 9.4 billion a month earlier. Perhaps the data will help the euro grow.
The Marlin Oscillator continues to slowly rise in the positive trend zone on the four-hour chart, the price stays in the shaded area. But over time, the MACD indicator line became lower, it will be easier for the price to overcome it. Around 1.1775. By this time, the balance indicator line will have already been overcome. The target for further growth will be 1.1847 - the low on June 18.
The material has been provided by InstaForex Company - www.instaforex.com