On Monday, the euro successfully broke through the linear resistance at 1.1535 and the MACD line. From the opening of the Pacific session, the price continued to rise steadily toward the target level of 1.1692.
A breakout above this resistance may extend the upward movement toward the price channel line near the 1.1820 mark.
On the H4 chart, the price has strongly broken above all existing resistance levels, while the Marlin oscillator has moved into bullish territory. The upward trend is confirmed on both the daily and four-hour timeframes.
The material has been provided by InstaForex Company – www.instaforex.comOn Monday, the euro successfully broke through the linear resistance at 1.1535 and the MACD line. From the opening of the Pacific session, the price continued to rise steadily toward the target level of 1.1692. A breakout above this resistance may extend the upward movement toward the price channel line near the 1.1820 mark.On the H4 chart, the price has strongly broken above all existing resistance levels, while the Marlin oscillator has moved into bullish territory. The upward trend is confirmed on both the daily and four-hour timeframes.The material has been provided by InstaForex Company – www.instaforex.com Read More
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