12.03.201908:58 Forex Analysis & Reviews: Forecast for EUR/USD on March 12, 2019

On Monday, the euro rose by 15 points under pressure from the British pound, which grew by 175 points only because of expectations of today's vote on Brexit in Parliament. Nevertheless, the euro's momentum is set. On the four-hour chart, the Marlin oscillator signal line has moved to the growth zone, which creates the potential for further price increases to the MACD line on the same scale - 1.1309. This level corresponds to the low of January 3 and March 4. If the price rises to the target level, the Marlin oscillator signal line could touch the border with the territory of the daily scale growth to create reversal conditions. However, the target range of growth is very wide, up to the upper limit of the red declining channel on a daily basis, to 1.1380. Prior to this resistance, the price has several others, they are visible on the chart, they can steel any line.

It is likely that today's vote in the British Parliament will be unsuccessful, which will immediately pull down the euro. In this case, the target range of 1.1120/50 becomes relevant again.