The strong data on US employment fueled another fall in EUR/USD. It declined by 140 pips and hit 1.0910. In the daily chart, the Marlin oscillator does not show reversal signs, but is in the oversold zone. Perhaps, such a sign will appear later, when the price reaches the target level of 1.0825.
The Marlin oscillator also does not show reversal conditions in the four-hour chart even though it is in the oversold zone. A similar scenario can be seen in the hourly chart, which suggests that it is likely that the pair will hitch at 1.0825 before going down. If the price consolidates below 1.0825, the pair will drop further to 1.0670.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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