EUR / USD
The beginning of the trading week was very active. The euro was quickly marked in the target range of 1.1544 / 74 and, being delayed by the resistance of the balance lines on the daily and four-hour charts, also quickly began to fall. The final decrease was 48 points. On the daily scale, the price went under the trend line of the price channel. At the four-hour position, it was fixed under the Kruzenshtern trend line. The Marlin indicator on both scales shows a downward trend. The price remains to fulfill the last condition for a further medium-term decline, to consolidate below the signal level of the nearest minimum of 1.1432. After this, the target of 1.1300 opens.
The material has been provided by InstaForex Company -
www.instaforex.com