Despite the euro’s strong desire to go down yesterday, it was not possible to overcome the support of 1.0360, the day closed higher. This morning the price is at the level, waiting for external incentives for further action. Yesterday, such incentives were the fall of oil by 3.76% and the decline of gold by 0.79%.
The daily Marlin Oscillator is declining smoothly, while there are no signs that the price may abandon attempts to break through 1.0360. If this happens, the 1.0205 target will become available.
On the four-hour chart, the price is supported by the balance indicator line (red moving line), but, nevertheless, the Marlin Oscillator has been in the negative area for a long time, so the price is unlikely to stop trying to overcome the supports. On the way to 1.0205, there is a MACD line (1.0260). It is also an important support to overcome. If the price fails to overcome it, then it could return to 1.0470 or even surpass the high on November 15 to form a divergence.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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