Things are moving towards the fact that the euro will soon completely lose the opportunity for growth. The price still has one last opportunity - to stay above the low on the 23rd of 1.1683 and try to return to 1.1750. If the 1.1653 level does not support the price, then a fall to 1.1640 will take place, and the breakthrough of 1.1640 opens the target at 1.1550. Marlin Oscillator moves down and plays on the side of the bears on the daily.
A double weak convergence with the Marlin Oscillator is forming on the four-hour timescale. This is weak and also the only opportunity for the euro to return above the MACD line (1.1725) and develop growth. The situation will be resolved in a few hours.
The material has been provided by InstaForex Company - www.instaforex.com