empty
 
 
08.02.2019 08:32 AM
Forecast for EUR / USD pair on February 8, 2019

EUR / USD pair

The euro continues to decline as part of our main scenario. On the daily and four-hour charts, the Marlin oscillator signal lines turned upward, indicating a correction. Growth is likely to take place in the range of 1.1375/95, defined as the resistance of the daily price channel line and the MACD line on H4. However, the price can still reach the target level of 1.1302 then the correction will be conditioned by convergence with the Marlin indicator on H4. In this case, the correctional growth would be somewhat less than a certain range of 1.1375/95. Fixing the price below 1.1302 opens the second target of 1.1262.

This image is no longer relevant

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback