Hi Traders,
During the Asian session, the euro has reached the $1.3002 level and it is expected to confirm a phase correction at 1.3050 and any penetration to the top will push the prices to test the moving Average at 1.3096, but it confirm the general downtrend by the Divergence on the daily chart and 4 hours chart and the next target of the euro will be around the 1.2990-1.2970 area.
Good luck 🙂
Source : mbcfx.com
During the Asian session, the euro has reached the $1.3002 level and it is expected to confirm a phase correction at 1.3050 and any penetration to the top will push the prices to test the moving Average at 1.3096, but it confirm the general downtrend by the Divergence on the daily chart and 4 hours chart and the next target of the euro will be around the 1.2990-1.2970 area.
Good luck 🙂
Source : mbcfx.com