Last Friday, the euro made an attempt to push the technical level of 110.0% Fibonacci on the daily chart, but it failed on its first attempt. On Saturday, US President Trump threatened to attack 52 Iran’s targets in the event of Iran’s military response to a US missile strike, leading to the assassination of General Soleimani. Trump was indirectly supported by Britain, Germany and France, once again urging Tehran to comply with the nuclear deal. We doubt the development of the conflict before the hot phase of the war with Iran, but the current situation can help the dollar in getting out of consolidation (of course, in the direction of strengthening), stretching from July last year.
On the daily chart, the signal line of the Marlin oscillator approached the lower boundary of its own channel, the exit from which down will strengthen the fall of the euro. The purpose of the movement is the embedded line of the global downward price channel in the region of 1.1045.
Origin: InstaForex
