On Tuesday, the euro fell by 8 points and currently lingers near the March 7 low, mastering the range of 1.1184-1.1250, accumulating strength before further decline. On the four-hour chart, the signal line of the marlin oscillator entered positive territory, which indicates a potential delay in consolidation. The previously designated signal level of 1.1234 now loses its role, it is replaced by a high of April 1 as the resistance level. Also on H4, the MACD line tends to this level, which will strengthen it.
We are waiting for the price to move below the lower limit of the consolidation range (1.1184) and to further decline to the target levels of the Fibonacci lines (daily): 1.1155, 1.1075.The material has been provided by InstaForex Company - www.instaforex.com