EURUSD continues to trade within the reversal zone highlighted in our previous analyses.
Following yesterday’s Fed decision, we’re seeing additional downside movement, though price hasn’t yet reached the support level at 1,1346.
Our outlook remains unchanged – we’re watching for the end of the pullback and will look for buying opportunities afterwards.
The H1 candle formed during the news release can serve as a reference. A break and close above it would signal a potential reversal to the upside.
Conversely, if price breaks and closes below that candle, it would suggest the correction is likely to continue toward lower levels.
Following yesterday’s Fed decision, we’re seeing additional downside movement, though price hasn’t yet reached the support level at 1,1346.
Our outlook remains unchanged – we’re watching for the end of the pullback and will look for buying opportunities afterwards.
The H1 candle formed during the news release can serve as a reference. A break and close above it would signal a potential reversal to the upside.
Conversely, if price breaks and closes below that candle, it would suggest the correction is likely to continue toward lower levels.
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.