EUR/USD
The euro ended with an increase of 22 points on Tuesday. This morning the price is going down, the Marlin oscillator on the daily scale is starting to turn down.
Outwardly, the price looks in a neutral state and there are reasons for this - investors are waiting for the release of the PMI of the eurozone and the United States for the current month and sales of new homes in the United States in May. The data is expected to be mixed, so investors are in no hurry to take succeeding actions. Nevertheless, according to our system of indicator lines, the price should not (conditionally) return to the MACD line (1.2070) in the near future, the level of 1.1705 is still the target.
The price is developing along the signal line of 1.1926 on the four-hour chart, but this line seems to be out of place here, in fact, the price is ignoring it. Like yesterday, the probability of the MACD line working out in the area of the 1.1984 level remains. The Marlin oscillator is in a neutral situation. Moving below the target level of 1.1855 opens the target at 1.1705.
The material has been provided by InstaForex Company - www.instaforex.com