EUR/USD
EUR/USD effortlessly surpassed the Fibonacci retracement levels on Tuesday and hit the target level of 1.0613. A breakdown of this will likely lead to further growth towards 1.0687. The balance line (red moving average) also approaches this level.
To strengthen the medium-term upward trend, the pair needs to surpass this line; otherwise, the corrective rally may soon come to an end, and euro will continue its overall downward trend. The Marlin oscillator remains strong.
On the four-hour chart, the pair appears to be consolidating, and the Marlin oscillator shows the same, indicating pressure from bears. This may be because yesterday's trading volume hit the levels seen in September and August. Nevertheless, bulls may take control of the market today.
QUICK LINKS
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Kontakt mit uns aufnehmen 
