empty
 
 
18.11.2019 06:27 AM
Forecast for EUR/USD on November 18, 2019

EUR/USD

The euro grew by 30 points on Friday and this was consolidated above the MACD line of the daily scale. Therefore, correctional growth may continue. But growth looks limited at the moment, and the line of the falling price channel and the boundary with the growth territory (0.00) according to the Marlin indicator act as restraints. Only with price consolidation above the price channel line (1.1093) is it possible to continue growth to the first upward target at the Fibonacci level of 110.0% at the price of 1.1155. At the moment, the correction is more likely to complete in the range of 1.1073/93.

This image is no longer relevant

On a four-hour chart, the Marlin oscillator is in a growing position, the price is above the balance lines (red) and the MACD line (blue). We are waiting for the completion of correction in the range of 1.1073/93.

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 $8000 more!
    In March we raffle $8000 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