Hi all,
The market is in a state of stability pending the issue of economic news of the day and the meeting of European finance ministers Friday and Saturday.
We also note that the prices of the EUR/USD graph H4 are spirited form of a discrepancy between the Stochastic and the downward trend, so that prices would make correction down to Level 1, 3309, and if this level will be broken the next target should be 1.3250.
However, this correction is followed by an increase to the area 1.3345-1.3400, and any break of this area should push up prices to the resistance level of 1.3434 to Ichumoku.
Good luck
Source mbcfx.com
The market is in a state of stability pending the issue of economic news of the day and the meeting of European finance ministers Friday and Saturday.
We also note that the prices of the EUR/USD graph H4 are spirited form of a discrepancy between the Stochastic and the downward trend, so that prices would make correction down to Level 1, 3309, and if this level will be broken the next target should be 1.3250.
However, this correction is followed by an increase to the area 1.3345-1.3400, and any break of this area should push up prices to the resistance level of 1.3434 to Ichumoku.
Good luck
Source mbcfx.com