FX.co ★ Forecast for EUR/USD on September 3, 2019

EUR/USD

On Monday, the euro did not consolidate at the achieved goal of the Fibonacci level of 138.2%, but consolidated below the level and today in the Asian session continued to decline decisively. The immediate goal is formed by the area of convergence of the Fibonacci level of 161.8% and the line of the falling price channel, this is the area of 1.0840.

On the four-hour chart, the signal line of the Marlin Oscillator, which showed the prospect of correction or consolidation yesterday, has moved down. The technical situation is completely declining. A correction is now possible from the target level of 1.0840.