Yesterday, the euro approached its most important range of 1.0636/70 by another 25 points. Large, in qualitative terms, there was a modification of the Marlin Oscillator – it finally got out of the sideways movement to further decline. We are waiting for the price in the target range of 1.0636/70.

The price continues to decline under the balance and MACD indicator lines on the four-hour chart, the Marlin Oscillator is also slowly and gently deepening into negative territory.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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Jeff Wecker
Jeff Wecker

Jeff Wecker, the inventor of Forex Forager, is a former member of the Chicago Board of Trade. There, Jeff learned his craft in the 30-year bond pit, trading against the world's best, and now has survived and prospered in the industry for the past 25 years. He took the unique knowledge he gained at the CBOT and transitioned it to online trading, where he traded FX, commodities, stock indices, and bonds – all using his unique 5 pip/tick risk system. Visit us at Global Fx Trading Group