On Friday, the euro managed to settle below the upper limit of the wide range at 0.9710-1.0360. The Marlin Oscillator is now moving downwards. Apparently, the bears will soon take the target level of 1.0205.
On the four-hour chart, the price has already crossed the balance indicator line (moving red). The Marlin Oscillator continues to move down in the territory of negative values.
After crossing the MACD line (1.0275) the price will continue to move to the target support of 1.0205. Settling below the level opens the target range of 1.0100/20.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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