The euro’s decline on Friday was small but still substantial – along with it, stock indexes, commodities, and precious metals also fell. EUR/USD settled below the 1.0724 level on the daily chart.
The pair can now reach the target range of 1.0636/50; once it surpasses this range, the next target will be 1.0595. On the 4-hour chart, the price is developing a local downtrend below the balance and MACD indicator lines.
The Marlin oscillator is showing progress in the downtrend territory. We expect the price to reach the target range of 1.0636/50.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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