Yesterday, EUR/USD tried to move past the upper limit of the 1.0615/42 range, but as a result, the price closed the day below the lower limit of the range, which confirmed that the euro settled below 1.0615.
It is still necessary to wait for the Marlin oscillator’s transition into the negative area, and then the price will move to the target level of 1.0470.
On the four-hour chart, the price is held by the MACD indicator line. Yesterday, there was an attempt to go past it. This was marked by the price testing 1.0576 (low of the day), when the euro crosses this level, it will start to move to the target level of 1.0470 (low of April 28). The Marlin oscillator is developing on the lower half of the four-hour chart, in the area of the downtrend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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