EUR / USD
On Monday, the euro was up for 40 points but having met on the four-hour chart with the resistance of the Kruzenshtern line, it began to weaken. The Marlin oscillator signal line on H4 also turned down. In order to generate a signal, it must go to the zone of negative numbers, which in the price chart, can correspond to the level of 1.1290 - the minimum of January 24 - the price should be fixed below this signal level. The Marlin indicates growth. Overcoming the Kruzenshtern line on H4 (1.1320) will re-launch the rising scenario. The first goal is 1.1358, and in case of a mandatory fixation above it, because the Kruzenshtern daily scale line is close to the price channel line 8% of the February decline. In other words, in the range of 1.1290-1.1320, the euro is in a neutral position.
Today, economic data on the euro area and optimistic forecasts are published. The balance of payments for December may increase from 20.3 billion euros to 21.4 billion, the ZEW eurozone business sentiment index for February may rise from -20.9 to -18.2. Data can contribute to the development of a growth scenario. Also, yesterday's information from the head of the European Commission, Mr. J. Juncker, about Trump's promise not to raise tariffs on European cars could be developed.
