On Thursday, the euro was trading with an amplitude of 20 points, it did not hit the upper limit of a range of 1.1184-1.1255. On the daily chart, no significant changes in the readings of indicators have occurred, the trend remains steadily decreasing.
On the four-hour chart, the change affected the signal line of the marlin oscillator, which approached the border with the territory of declining trends (zone of negative numbers). Leaving the line in this zone will be the first impulse for the price to move further downwards. A decline of the price below 1.1184 can send the euro straight to 1.1155 and further towards 1.1075 - Fibonacci reaction lines 110.0% and 123.6%, respectively.
The material has been provided by InstaForex Company - www.instaforex.com