Forecast for EUR/USD for April 3, 2019

EUR/USD

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.

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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

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