EUR / USD
The euro tried to pass above the price level of 1.1905 on Monday, as a consolidation above it will push the quote towards the range of 1.2040 / 55, after which a double divergence in the Marlin oscillator can be formed on the daily time frame. A reversal from the upper limit of the range, as well as a return to the level of 1.1712, is also possible.
Meanwhile, the quote is descending in the four-hour time frame, the key level of which is the MACD line located at the level of 1.1835. A consolidation below it will push the quote towards the price level of 1.1712.
As for the Marlin Oscillator, its signal line does not go deeper into the overbought zone, marking the beginning of the third top. This is a sign that the quote will undergo a downward reversal, and the chance of it occurring is 60%.
Hence, wait for either a consolidation above the level of 1.1905 and further growth of the euro, or a reversal from the current levels with an attempt to consolidate below 1.1835.
