The almost weekly growth of the euro against other major currencies was not in vain for it – yesterday’s fall was 108 points (the market leader), the price attacked the target support of 0.9950, behind which is the target of 0.9850.
On the daily chart, the signal line of the Marlin Oscillator has stopped at the line forming the convergence. The synchronous transition of this line by the oscillator and the price breaking through the support of 0.9950 will create another downward momentum for the euro. Probably, the 0.9752 target will be reached.
On the H4 chart, the Marlin Oscillator moved into negative territory and managed to gain a foothold in it. The price attempted a short-term consolidation under the MACD indicator line, but the first attempt failed. Now we are waiting for the second such attempt and the advance towards the first target support at 0.9850.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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