Yesterday, the euro spent the whole day in consolidation at the level of 1.0962, there was even an attempt by the price to go under it. Today, there is likely to be a more determined attempt to break down. The Marlin Oscillator is moving horizontally below the zero line on the daily chart. After the price surpasses 1.0962, the 1.0820 target will open with the probability of going under it, since the historical range around this level is relatively wide.
On a four-hour scale, yesterday’s consolidation was limited from above by the MACD line. The Marlin Oscillator is moving sideways along the zero line. The situation tends to move down.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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