Yesterday, the euro withstood geopolitical pressure, it closed the day with a slight increase of 10 points. This morning the price is also trying to grow. The price touched the MACD indicator line at yesterday’s low, and there is not much growth from it at the moment. The Marlin Oscillator is in the negative zone, but it is going up.
The price on technical grounds lies in the range of 1.1280-1.1387. The flat, however, is under pressure – the price is below the balance line and Marlin is below the zero line. This is the primary sign of the subsequent price drop below the level of 1.1280, which will become a condition for a decline to 1.1060. The price exit above the upper border of the range will open the 1.1496 target.
On the four-hour chart, the price is winding up on the indicator balance line, the Marlin Oscillator is moving sideways along the zero line. The euro is waiting for new geopolitical signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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