Forecast for EUR / USD pair on December 14, 2018

EUR / USD pair

The speech of the ECB Head Mario Draghi on the regulator meeting was moderately negative as expected. The current year's economic forecast for the Central Bank lowered from 2.0% to 1.9% and lowered it for the next year from 1.8% to 1.7%. The euro was supported by news of Italy's readiness to revise the budget during the current negotiations with the European Commission. On the daily scale chart, the price is still held by the balance line. Marlin oscillator signal line formed a wedge, which is about to break down.


On the four-hour chart, the price fixed below the trend indicator line (MACD line). The signal line of Marlin for the third time in a row turns from the border with the growth zone. We are waiting for the price reduction towards the goals updated due to the time factor and the decreasing price channel at 1.1170 and 1.1080.


The material has been provided by InstaForex Company -