Forecast for EUR/USD on April 4, 2019

EUR/USD

Yesterday, the euro increased to the price of 1.1255, but the MACD line on the four-hour chart slowed down its course and it failed to reach the price, leaving the euro with a small maneuver to test this line. In general, we are waiting for the price to move below the lower limit of the range of 1.1184-1.1255 with a further decrease to previously designated targets: 1.1155 (110.0% Fibonacci), 1.1075 (123.6%), 1.0985 (138.2%). In both charts, the price indicators and the marlin oscillator shows that the downtrend is preserved: the price is below the indicator lines on the charts, the signal line of the marlin oscillator to daily in the decline zone.

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