Yesterday, the euro traded in the range of 64 points, closing the day with a slight decrease. The daily-scale Marlin Oscillator turns slightly upwards, which, together with a small candlestick, indicates the likelihood of a slight upward correction. The correction resistance is the 1.0945 level – the low of March 28. Next, we expect the euro to continue to decline to the target level of 1.0820.
On a four-hour scale, the price makes oscillatory movements below the level of 1.0945, the Marlin Oscillator is rising, its own resistance is the zero line – the border with the growth area. Visually, it correlates with the 1.0945 level for the price. A synchronous reversal of the price from the level and the signal line of the oscillator from the dividing border will further strengthen the price decline.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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