The euro’s consolidation at 0.9625 proved to be short-lived. Yesterday it closed under this level, which showed the price consolidating below it and revealed the euro’s plan – to attack 0.9520 and try to reclaim 0.9404.
The Marlin Oscillator has slightly corrected up and sideways, it is ready to continue its decline.
On the four-hour chart, the price also looks fixed below the level of 0.9625, the Marlin Oscillator has discharged from the oversold zone, now it is ready to resume the local downward trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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