EURUSD: Ahead of The FOMC 🇪🇺🇺🇸
Here are the potential scenarios for EURUSD ahead of FOMC:
the pair is currently trading within a horizontal trading range.
If the price breaks and closes above the resistance of the range - 1.1095,
a trend-following movement will be expected at least to 1.1166 level.
Alternatively, a bearish breakout of the support of the range - a daily candle close below 1.0908
will push the price lower at least to 1.085.
Let's see what will happen and let's simply act accordingly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.