Both linear regression channels turned down on the 15-minute timeframe. Thus, the downward trend continues in the short term. Consequently, the euro/dollar pair will continue to strive for the 1.2097 level. There are no prerequisites for bringing back the upward trend right now, but this does not mean that traders cannot start buying the euro again right now.

Rumors that the Fed will change its monetary policy in the near future influenced traders to sell the euro and bet on the strengthening of the US dollar. As a result, many short positions were opened in the market yesterday, which resulted in a 60-pip decline in EUR / USD.

Two buy signals emerged for the euro yesterday. The first is at 1.2175, which should have given quite a lot of profit since the MACD line, at that time, is located in the positive zone. Instead, it did not give the desired result and led to a loss of profit.

Although market volatility was low yesterday, several trading signals emerged for the EUR / USD pair. First is the signal to buy at 1.2194, which unfortunately brought losses.