The euro continues to trade sideways within the range of 1.1535–1.1692, staying between the balance line (red) and the MACD line (blue).
The Marlin oscillator is slowly declining in negative territory, indicating a higher likelihood of the price breaking below the support level once the sideways movement ends. In that case, the target would be 1.1420. Upward movement is hindered by two resistance levels: 1.1692 and 1.1750.
On the four-hour chart, the price is falling below the balance and MACD lines. There were false breakouts above the balance line, marked by upper candle wicks, indicating weak or misleading bullish attempts. The Marlin oscillator remains in positive territory. Visually, the price may shift into a downward trajectory if it drops to around 1.1600. The price is expected to move toward the lower boundary of the sideways range.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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