Last Friday, the daily candle of the single European currency closed in black, this morning the opening took place with a small rising gap, which is already closed. The downward trend continues, the price keeps 1.0636/70 as the target, where its further medium-term direction will be decided. We stick to the idea of a medium-term decrease. The Marlin Oscillator is declining in the downward trend zone after a reversal from the zero line.
On the four-hour chart, the price from the market opening turned out to be slightly above the balance indicator line, but at the moment it has already consolidated below it. Marlin in the negative area. The signal to attack the target level is when the price surpasses Friday’s low at 1.0771.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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