The euro fell by 75 points on Wednesday after falling by 63 points on Tuesday, that is, the decline is gaining momentum. The support of 1.0493 was successfully overcome, now the price has its target at 1.0340 – the low of January 2017. The Marlin Oscillator on the daily scale has quite a long way ahead.
On the four-hour chart, the price settled under the MACD indicator line, the line itself turned down again.
The signal line of the Marlin Oscillator has come under the lower boundary of its own descending channel, which shows the intention to accelerate the downward movement. We are waiting for the price at the target level of 1.0340.