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After a brief hesitation before the MACD line on Monday and Friday, the euro forcefully breached it yesterday evening and continued to rise this morning.
The Marlin oscillator is rising ahead of the price and therefore has a high chance of entering positive territory. Once it establishes itself above the zero line, the Marlin will strengthen the upward movement of the price. The target level of 1.1779 (the peak from October 1 and September 9) is now open.
On the four-hour chart, the price consolidated below the balance line, but it has now established itself above it. The Marlin oscillator is rising and has consolidated in positive territory, with its growth gradually accelerating. We expect the price to reach the indicated target level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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