The euro showed a growing correction of 64 points on Wednesday. At the peak of price growth, the signal line of the Marlin Oscillator has reached the zero line and this morning, with the price falling, it is turning away from it. The price is now adjusting again to the target range of 1.0636/70. But, as before, there is no need to rush the price – there are still 13 days before the Federal Reserve meeting.
On the four-hour chart, the price moved above the MACD indicator line with the simultaneous transition of the Marlin Oscillator into the area of a growing trend. This is also a sign that the price will not rush to decline. To confirm this intention, the price should settle under the MACD line, below 1.0790.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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