Euro has once again broke the support level of 1.0660 after coming from a weekly consolidation. This indicates the determination of the market; thus, it is likely that there will be another breakdown of the support level today. The price could also decline to the target level of 1.0595. A consolidation under it will open the way to 1.0470.
The signal line of the Marlin oscillator is completing. There is a consolidation in the negative area (grey rectangle on the chart), and after it there will be a breakdown of the signal line.
On the four-hour (H4) timeframe, price has consolidated under the balance line, while the Marlin oscillator consolidated in the downward trend area. The situation on both timeframes is bearish, so there is a high chance that they will approach the target levels.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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