Forecast for EUR / USD for February 26, 2019

EUR / USD

On Monday, for the third time in the last four sessions, the euro reached the resistance of the Kruzenshtern line on a daily scale of the price chart. Today in the Asian session, the price shows the intention to finally go above this line of Kruzenshtern. The Marlin oscillator on the daily and four-hour charts has moved to the growth zone. Apparently, the price will be able to consolidate above yesterday's high, and this opens the target level of 1.1407, which is a correction level of 61.8% from the downward movement from January 31 to February 15. Fixing above 1.1407 opens the subsequent Fibonacci level of 76.4% as the target - 1.1448.

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The material has been provided by InstaForex Company - www.instaforex.com

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