EUR/USD: Pair Breaks Past Resistance Details
EUR/USD: Pair Breaks Past Resistance
Yesterday, the euro came over the strong resistance of the MACD indicator line and the falling line of the price channel on a monthly scale. The day's high reached the trend line, and today, after the session's beginning, the price soared above it.
Now the course is to narrow the gap from the Fibonacci response level of 161.8 to the goal level of 1.1315. The Marlin Oscillator continues to expand in the positive range. The signal line of the Marlin Oscillator has created a rising wedge on the four-hour chart. A breach is conceivable both up, into the overbought zone, and down from the wedge. The existing scenario tends to go up more.
