Last Friday, the dollar growth exceeded the peaks of October 1 and September 18, also breaking the resistance of the red line of the price channel. The Marlin oscillator is in the growth zone, the immediate target of the pair is now the resistance of the upper line at 108.97.
Overcoming the first goal opens the second at a price of 109.70 – the line of the growing green price channel.
On the four-hour chart, the leading indicator Marlin took on a leading role – it follows the price, which is a sign of the continuation of the current trend. That is the growth of the pair.
Origin: InstaForex
