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Overall, we anticipate a break below support at 1.1276 and a move toward the 1.1110/50 range. A break through that zone would open the path to the target level of 1.0955 — the March 18 high. The Marlin oscillator has already moved into negative territory and is poised to drag the price down with it.
On the H4 chart, the price has once again settled below the lower boundary of the 1.1385 range. Support at 1.1276 is now exposed. Following the ECB decision, the MACD line (1.1230) may also be broken.
An alternative scenario is possible only if the price consolidates above the 1.1535 level
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Early in the American session, gold is trading around 3,381, retreating after reaching a high around 3,397. Gold as a safe-haven asset is nervous due to geopolitical tensions around
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On the 4-hour chart, the GBP/AUD cross currency pair appears to still be dominated by Sellers, which is confirmed by its price movement which is moving below the WMA (30
With the price movement forming Higher Low - Lower Low and supported by the decreasing slope of WMA (30 Shift 2) and the movement of Crude Oil prices moving below
Early in the American session, the EUR/USD pair is trading around 1.1345, reaching the top of the downtrend channel and showing signs of exhaustion. The euro could resume its bearish
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