π° Pair Name : EUR/USD
π° Time Frame : 1H/4H
π° Scale Type : MID Scale
π° Direction : SHORT/SELL
ππ EURUSD Technical Analysis ππ
Greetings fellow traders! ππ Taking a purely technical perspective on EURUSD, we observed a significant plummet yesterday, attributed in part to the FOMC minutes. This abrupt decline left a residual liquidity trail, indicating a market imbalance that calls for re-equilibration. πβοΈ Before entertaining the possibility of further downward movements, we anticipate a potential price correction towards, or even to, the lower bounds of the daily demand zone. πβοΈ
π° On the fundamental front, we've attached a relevant article discussing the FOMC meeting briefing. Over the next six weeks, brace yourselves for a potent USD rally, potentially spurred by apprehensions surrounding the Fed's contemplation of interest rate hikes. π¦πΌ
Remember, trading prudently is paramount. Always prioritize risk management and informed decision-making. π‘οΈπ‘ Trade wisely and stay vigilant. ππ°
#EURUSDAnalysis #TechnicalPerspective #FundamentalOutlook #StayInformed #TradeSafely πππ°πΌππ‘οΈ