As a result of yesterday, the euro fell by 54 points, touching the target level of 1.0820 with the low of the day. The signal line of the Marlin Oscillator has moved noticeably down from the sideways movement, so the sideways movement within the range of 1.0820-1.0945 will no longer take place. Now the price needs to settle below the reached level and continue its way to the range of 1.0636/70.
On a four-hour scale, the Marlin Oscillator returned below the zero line – into the downward trend zone, the price continues to move under both indicator lines. After consolidating under 1.0820, we are waiting for the price in the range of 1.0636/70, where the most important euro decision will take place in the long term.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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