EUR/USD
The euro continues to slowly strengthen against the backdrop of a global increase in the spread of a new wave of coronavirus, respectively, on a decrease in risk sentiment, and expectations of moderately strong data on US employment on Friday.
The Marlin oscillator reluctantly began to turn down on the daily chart. It is likely to strengthen the downward movement with the price going beyond June 18's low, along with it settling below the level of 1.1855. You can also expect that after the price reaches the target level at 1.1705, Marlin will not go beyond its own low on June 18 (0.0313), which will mean the formation of convergence and a deep growing correction of the euro.
The price cannot cope with the MACD line on the four-hour chart, although Marlin is already in the negative zone. The price is quietly approaching the first target level of 1.1855. We are waiting for the development of the downward movement.
