Yesterday, with a desperate jump of 70 points, the euro reached the signal-target level of 1.1387 and collapsed down to its original positions. Now, on the daily chart, the price has settled under the balance indicator line, and the Marlin Oscillator has not left the downward trend zone. With the price breaking the target level of 1.1280, the 1.1060 target will open – a level close to the February 1994 low.
On the four-hour chart, the price also settled below the balance indicator line, and the Marlin Oscillator entered the downward trend zone. The price should settle under the target level of 1.1280 and continue to decline in the medium term.