The euro closed yesterday with a loss of 8 points. Support - MACD indicator line, withstood the pressure this time too. The signal line turns upward from the border with the territory of the downward trend, the price shows growth during the Asian session.
Based on the history of the last six trading days, we see that the price is between strong levels - the MACD line and the linear resistance at 1.1852. But the indicators still point to the preparation for the development of growth. Probably, after overcoming 1.1852, this growth will intensify. Then two targets are sequentially opened before the price: 1.1920, 1.1975.
On the H4 chart, the price is slowly reversing from the level of 1.1802 (MACD line for the daily), the signal line of the Marlin oscillator returned to the zone of positive values after a slight entry into the negative zone. We are waiting for a new attack on the resistance at 1.1852.The material has been provided by InstaForex Company - www.instaforex.com