The euro continues following a corrective upward path. This morning, the price reached resistance at the MACD line. However, one obstacle stands in the way—the Marlin oscillator remains in negative territory, slowing the euro’s ability to decisively break through this resistance.
If the market waits for the oscillator to turn upward, the breakout above 1.1663 is more likely to occur tomorrow. Overall, we expect the euro to continue rising toward the target level of 1.1779.
On the four-hour chart, the price has secured its position above both the balance line and the MACD. The Marlin oscillator is signaling a release of tension, which likely precedes a consolidation phase within a narrow range (highlighted by the gray rectangle). Afterward, the upward trend is expected to resume.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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