Yesterday’s result showed that investors are still not ready to prematurely buy dollars before the Federal Reserve meeting. The current situation on the daily scale looks neutral – the price has been staying near yesterday’s closing price all morning and the Marlin Oscillator has a growing corrective character, that is, we do not expect a fall today, there may be a slight increase that does not exceed yesterday’s high.
On the four-hour chart, the price has consolidated above the MACD indicator line and is using it as a support, the Marlin Oscillator is already emphatically neutral – it is moving sideways along the zero line. A slight rise in the euro is likely as investors expect tomorrow’s Fed rate hike.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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