Forecast for EUR/USD on March 27, 2019

EUR/USD

The euro is exactly reflected from the point of coincidence of the technical lines - the line of the daily price scale channel and the MACD indicator trend line on the four-hour chart. The signal line of the daily marlin oscillator is already quite firmly established in the territory of a declining trend.

At the moment, the price remains 20 points to the first target level. With a consolidation below it (1.1234), we are waiting for the price to further decline towards the underlying target level of 1.1155 (110.0% Fibonacci branch from September 24 to November 12). Lower down is the target of 1.1075 (123.6% Fibonacci).

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The material has been provided by InstaForex Company - www.instaforex.com