Yesterday, the euro reached both limits of the 1.0595-1.0645 trading range, and this time the Marlin oscillator has already moved into the negative area. Now it will be a little easier for the price to settle under the support of 1.0595.
Today is a shortened working day in the UK, only Japan is working on Monday, Tuesday is a holiday in the UK and Australia. So, either today or Tuesday, a strong move in the thin market is possible, similar to 2008 or 2020, when Christmas came at a local market peak.
On the four-hour chart, the price has settled under the MACD line, the next step, according to the main scenario, is to settle under 1.0595. The Marlin oscillator has returned to the negative area. Now only time will tell what cunning speculators have in the end planned and implemented.
Friends, colleagues, readers! I’m going on vacation till January 8. The next review will be published on Monday, the 9th. Congratulations on the upcoming holidays!
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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