The euro closed Friday with growth. The price found strong support at 1.1265. The growth continues this morning, the Marlin oscillator is in a hurry to move to the growth zone – in the upper half of its own window. The divergence option, in which the euro will show a new high (1.1465), is gaining more and more strength.
The price overcomes the signal level of 1.1315 on the four-hour chart, the Marlin oscillator moved to the growing trend zone, and the nearest growth target is the level of 1.1353. Overcoming the level opens the way to 1.1420, then to 1.1465. The recently formed divergence is considered fulfilled, the price has taken a course for a new short-term trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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