After the release of US employment data on Friday, the euro slightly corrected upwards, despite the good US data - employment almost reached pre-pandemic levels, however, unemployment in the eurozone fell below historical lows.
But the euro's growth has not received development, this morning it is declining from the achieved resistance of 1.0170. On the daily chart, the Marlin Oscillator has already reached the oversold zone, but it still has the opportunity to reach one of the nearest bearish levels - 1.0020 or 0.9950. From the parity area, we expect a more or less long-term correction.
On the four-hour chart, the Marlin Oscillator turned down from its own zero line, which is the support/resistance level. After consolidating under 1.0170, we are waiting for a new effort to reach new lows.
