Yesterday, the euro came across the strong resistance of the MACD indicator line and the descending line of the price channel on a monthly scale. The day's high touched the trend line, and today, after the session's opening, the price went above it.
Now the course is to close the gap from the Fibonacci reaction level of 161.8 to the target level of 1.1315. The Marlin Oscillator continues to grow in the positive area. The signal line of the Marlin Oscillator has formed a rising wedge on the four-hour chart. A breakthrough is possible both up, into the overbought zone, and down from the wedge. The current situation tends to move up more.
