The euro fell by 30 points on Tuesday. This proved to be enough to greatly slow down the growing potential of indicators and reduce the chances of the single currency to develop a higher correction (above 1.0642). The daily Marlin Oscillator is showing early signs of slowing down and ready for a downward reversal.
The price drop below the target level of 1.0493 opens the target range of 1.0340/80. The reference point for its lower boundary is taken from the January 2017 low. This is the lowest level since January 2003.
On the H4 chart, the price is struggling with the support of the MACD line. The Marlin Oscillator is declining briskly in the zone of negative values – in the bears territory. The main vector of further development is decreasing.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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