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Wave Analysis from InstaForex
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[QUOTE="InstaForex Gertrude, post: 12801, member: 2617"] [B]Forecast for EUR/USD on April 13, 2020[/B] EUR/USD The euro made minor fluctuations before the resistance of the embedded line of the downward price channel on Friday, as the markets in Europe and the United States were closed. The signal line of the Marlin oscillator unfolds from the border with the growth territory. A synchronous downward reversal of the price and the indicator is possible. [IMG type="full"]https://forex-images.ifxdb.com/userfiles/20200413/analytics5e93e7595c1ca.jpg[/IMG] Marlin turned lower on the four-hour chart. A stable condition for the euro's fall is when the price leaves the area below the MACD line in 1.0840. In this case, the target of the movement is the lower line of the price channel at 1.0615 (daily). [IMG type="full"]https://forex-images.ifxdb.com/userfiles/20200413/analytics5e93e76bb5935.jpg[/IMG] But until the signal level has been overcome, the price can still make a false puncture of the upper line of the price channel by testing the November 2019 low (1.0980), or the MACD line on the daily (blue indicator) in the area of 1.0990. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. [I][URL="https://www.instaforex.com/forex_analysis"]Analysis are provided by[B][COLOR=Red]Insta[/COLOR]Forex[/B].[/URL][/I] [/QUOTE]
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