REDATOR Redator Postado Setembro 29 REDATOR Denunciar Share Postado Setembro 29 EUR/USDThe euro looked almost hopeless on Thursday, September 25, but found support from the renewed strength of the stock and commodity markets. The S&P 500 added 0.59% on Friday, gold rose 1.00%, oil increased by 0.04%, copper rose 0.29%, and the euro itself gained 34 pips. During today's Pacific session, the price moved above the MACD line resistance on the daily timeframe, and the Marlin oscillator entered positive territory.Once the price consolidates above the MACD line and the Marlin oscillator holds in positive territory, the euro will open the way toward the upper boundary of the price channel at 1.1914. This week, moderately optimistic U.S. industrial sector data (according to forecasts) may support risk appetite through Friday. On Friday, labor market data will be released, with the Nonfarm Payrolls forecast at 51,000 versus 22,000 in August. The challenge lies in how investors will interpret such a figure.On the four-hour chart, the first resistance level for the price is the MACD line, located around 1.1775. Only after consolidating above it can the 1.1914 target be considered actionable rather than hypothetical. The Marlin oscillator is in positive territory, and the ongoing correction may develop into a local trend toward this target.The material has been provided by InstaForex Company - www.instaforex.com Citar Link para o comentário Compartilhar em outros sites More sharing options...
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