EUR / USD pair
On Tuesday, the US government bond yields continued to rise, while German bond yields began to decline. The correlation led to an increase in demand for dollars and the euro fell by 38 points. It is very likely that investors are preparing for the ECB meeting on Thursday. The main question for the European Central Bank is how many rate increases will be next year. Macroeconomic indicators of the eurozone in the last month muted optimistic investor sentiment.
On the daily scale chart, the price went below the balance line on the H4 chart. The price stayed below both the balance and MACD indicator lines. The first target of 1.1190 is open and the second target at 1.1085 also becomes relevant.
The Marlin oscillator signal line is still in the zone of positive numbers on the daily chart and it warns of a possible consolidation (not more than a day)on the border with the zone of negative numbers. If the price continues to decline rapidly, this line can cross the border today.
