On Friday, the euro made a decisive move downward, testing the linear supports on the weekly chart. The Marlin oscillator on the weekly timeframe reached
Yesterday, the euro declined by 68 pips, reaching the target range of 1.0449–1.0483. This movement is sufficient to set the stage for a market correction
On Tuesday, the euro attempted a pullback from the 1.0590 resistance level, but the attempt proved premature as the pair was bought back from Monday's low.