Forecast for EUR / USD for February 11, 2019

EUR / USD

Last Friday, the euro fell by 19 points, without changing the general mood of the market to a local correction. On the daily chart, the Marlin oscillator signal line showed a slight upward reversal; on H4, this signal line is even closer to the border with the growth area, above zero. Correction can take place from current levels, as well as from 1.1302. Growth may be limited in the area of resistance of the downward trend line of the price channel on the daily timeframe 1.1362. Care prices under 1.1302 will allow the price to deepen the branch reduction to 1.1262. In this case, we assume a correction to 1.1302 / 25.

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