Yesterday, the euro consolidated below the 1.0350 level, and during the Pacific session, it continued to decline slowly. The Marlin oscillator on the daily timeframe is also gradually moving downward.
There’s no rush today, as it is a public holiday in the U.S. However, data on layoffs will still be published, and four representatives from the Federal Reserve are scheduled to speak. The 1.0250 support level is now of secondary significance as the price approaches the target of 1.0135. On the H4 chart, the price has settled below both indicator lines.
The Marlin oscillator is firmly positioned in negative territory. However, given the U.S. holiday, the intermediate level of 1.0250 may hold. Tomorrow, U.S. employment data will be released, with forecasts indicating moderately positive expectations.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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