Yesterday, the euro lost 33 pips. The day’s low hit the support of the balance line on the daily chart, and the Marlin oscillator entered downtrend territory.
Preparation is underway to break through the support at 1.0788 and the MACD line, which is slightly below the current price level. Consolidating below this level will open the first target at 1.0724. The price could further fall into the range of 1.0636/50.
On the 4-hour chart, the price turned downward from the balance indicator line. The Marlin oscillator has settled on a downward trajectory, and after a respite, it will be ready to fall further.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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