EUR/USD
The euro fell 74 points on Monday, demonstrating its intention to restore the downward trend. But everything is not so clear. The price went below the MACD line on the daily chart, but the signal line of the Marlin oscillator is still in the zone of positive values. At the same time, the gap of the week remains open.
Marlin is in the declining trend zone on the four-hour chart, but the price is still above the MACD line. If the price overcomes this support at the 1.0870 level, it could finally confirm the euro's intention to fall to the 1.0595 target - to support the embedded line of the price channel of the higher timeframe.
Until the price consolidates below the 1.0870 level, the probability of a price increase to 1.1026 remains in order to close the gap from Monday. In case prices fall, these gaps can be neglected in the medium term.
