The euro fell by 84 points on Wednesday. In the process of this decline, the price overcame the support of the balance and MACD indicator lines. At the moment, there are about 50 points left to the nearest target level of 1.0600. Surpassing the level opens the 1.0493 target, then it could also fall to 1.0340. The signal line of the Marlin Oscillator is declining, but is still in the positive area, so there may be a struggle at the 1.0600 level.
On the four-hour chart, the price settled below the balance and MACD indicator lines, the Marlin Oscillator is developing in the territory of a downward trend. We are waiting for further development of the downward movement for the euro.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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