On Monday, the euro lost a little more than 70 points to the nearest target, and at the same time the signal level remained less than 30 points (1.0945). Overcoming the level opens the way to the next level – 1.0820. The daily Marlin Oscillator has already crossed the border into the downward trend territory. We hope and count on the dollar’s success in this struggle. However, the main struggle will come much lower, in the range of 1.0636/70, where the issue of reducing the euro to parity will be decided.
The price is in a completely downward position on the four-hour chart: the development is under the indicator lines, Marlin is declining in the negative area with no signs of a reversal.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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