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02.06.2025 04:36 AMThe euro closed Friday with a black candle but consolidated above the balance and MACD indicator lines. During today's Pacific session, the price surpassed Friday's opening and approached its high.
The Marlin oscillator's signal line turned upward from the neutral zero line. It is evident that the target level of 1.1420 is likely to be reached soon. A breakout above this resistance opens the path toward the 1.1535 target.
On the H4 chart, the price reversed upward from the support of the MACD line on Friday.
The Marlin oscillator returned to the growth zone after a false dip into the negative area (gray rectangle). The trend is upward on both timeframes, and we expect the price to reach the 1.1535 target level. The upward movement will likely continue toward the 1.1692 level — the peak from October 2021.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
