The euro continues to decline with suspicious persistence. Such an accelerated fall in the week leading up to the Federal Reserve rate hike could lead to unpredictable price effects on the day of the rate hike. In the medium term, the forecast is still the same – a further weakening of the European currency at parity. The nearest target is 1.0493, then 1.0340.
There are no reversal conditions on the four-hour chart yet. Perhaps, when the price reaches the first target at 1.0493, the price with Marlin will form a slight convergence and by the end of the week investors will take profits, which will turn into a correction on the chart.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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