The euro declined yesterday, retreating from the resistance level of 1.0461 and ending the day with a 24-pip drop. The Marlin oscillator also moved lower, indicating bearish momentum. We now expect the price to test the nearest support level at 1.0350.
Once the price consolidates below 1.0350, we anticipate it will move toward the target level of 1.0250. On the four-hour chart, the Marlin oscillator has firmly entered bearish territory.
The price is currently declining below both indicator lines. If there are no unexpected developments today, we expect the price to reach 1.0350.
