19.03.201908:35 Forex Analysis & Reviews: Forecast for EUR/USD on March 19, 2019

Long-term review

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EUR/USD

The situation on the single European currency has not changed over the past day. The price still remains in the range between the MACD line and the balance line on the daily scale chart. But the opening of today above the price channel line increases the likelihood of a slight growth to the upper border of the red downward price channel 1.1368.

A divergence with the marlin oscillator is formed on the four-hour chart, but in case of a price increase, the divergence, while maintaining the structure, may slightly change its appearance.

The price decline below the MACD line on the H4 (1.1294), which also corresponds to the low of March 14, opens the way to a medium-term fall for the euro to the lower border of the 1.1120 price channel, since the support for the MACD line on the daily (1.1315) will be automatically overcome.

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