EUR / USD pair
Euro gradually strengthens the upward correction. Trading volumes yesterday were the largest since the beginning of the week, which may indicate the closure of short positions on the euro. Today, President Trump will sign the law on the US budget for the current year, which will not include the construction of a wall with Mexico. As a "sanction" for congressmen, Trump will introduce a state of emergency to use presidential powers to increase funding. This situation is better for the investor to watch from the side.
On the four-hour chart, the Marlin oscillator signal line consolidated in the growth zone but the price is still below the balance line and the MACD line. Therefore, the latter becomes the first goal of the ongoing correction at 1.1337. Overcoming the level will allow the price to rise 20 points to a stronger resistance of 1.1357 on the price channel line of the daily chart, where the MACD line is already approaching.
Formal technical conditions for growth are weak because we see only one of them as shown on the indications of the Marlin indicator on H4, other indicators. The situation on a daily basis maintains a declining mood. Therefore, there is a likelihood of renewed decline. In this scenario, the price must go below yesterday's low of 1.1249 then to 1.1215, which will become the immediate goal.
