Yesterday, the single currency made a solid move of 56 pips and reached the target level of 1.1085. The Marlin oscillator does not show any exhaustion of the euro's strength, so there is a high probability of the price consolidating above this level and advancing towards the next target of 1.1140 (the peak from December 2023).

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A correction is likely from this level, as Marlin will enter the overbought zone. In the 4-hour chart, the price does not retreat from the resistance reached, although the Marlin oscillator is slightly pulling back.

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In the context of the expected rise, this pattern can be interpreted as a release of the oscillator before further growth and a breakout of the level. If a breakout with consolidation does not occur, it might indicate price consolidation and accumulation of strength.