FX.co ★ Forecast for EUR/USD on March 18, 2019

The euro grew by 20 points on Friday. This morning, it is lingering in the range between the MACD line and the price channel line of the daily chart. The Marlin oscillator signal line is in the growth zone. Conditions are created for the price to rise towards the resistance of the price channel at 1.1368. But there might be a downward reversal for the euro, since the Marlin oscillator is practically not growing on the four-hour chart, a reversal divergence can be formed. When the price leaves the MACD line on H4 (1.1294), the level of which coincides with the March 14 low, the downside perspective to 1.1120 is fully revealed - support for the embedded line of the price channel daily scale.