Forecast for EUR / USD pair on February 14, 2019

EUR / USD pair

On Wednesday, the euro did not reach any significant technical levels and collapsed by 64 points, slightly covering at least February 12 and began to grow again since the opening of the Asian session. This growth is not yet significant but technically, the double convergence with the Marlin oscillator has already been formed on the four-hour chart. The oscillator itself is already moving to the growth zone. These factors retain the likelihood of another price increase in the range of 1.1350/82, which is determined by Fibonacci levels of 38.2% and 50.0% at H4. The probability that the price will exit above the trend line of the daily scale price channel at 1.1360 has been reduced than yesterday, which we wrote about. Both the Indicator lines of balance and MACD of the daily timeframe are already striving for this point at 1.1360 and approached 1.1350 of the MACD line on the four-hour timeframe. Overcoming the price of today's low at 1.1249 will allow the price to drop to 1.1215, which was the November minimum.

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