So, the fall of the stock market, which we talked about in the review on the 12th, was not long in coming. Yesterday, the US stock index S&P 500 collapsed by 4.32%, and the Nasdaq lost even more – 5.16%. The yield on US bonds went up, on 5-year securities it increased from 3.45% to 3.58%. The dollar index jumped 1.47%, the euro lost 1.54% (153 points).
The price went under the MACD indicator line on the daily scale, this morning it almost touched the target level of 0.9950. The Marlin Oscillator has returned to the negative area, ready to move down along with the price. We are waiting for the price to go under the support of 0.9950, then move to 0.9850 and to 0.9752.
The price managed to consolidate below the MACD indicator line on the four-hour chart, the Marlin Oscillator went into the negative area with force, and there is still a lot of room for it to fall ahead.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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