There is only 1,5 week left until the FOMC meeting. The decision (which we will know after that meeting) will have an impact on the further EURUSD movement direction. However, until this moment the price should stay between 1.1130 – 1.1310.

Last Thursday at EURUSD there was an attempt of breakout resistance at 1.1310 level. That attempt wasn’t succeed and after that moment the price rebounded and has been leading toward 1.1130. Right now 1.1210 support is defending against a decline but supply is more and more strong. Due to this breakout of that level is probably just a matter of time. Next supports are located at 1.1180 and 1.1130. It is unlikely that the last mentioned level will be broken before the FOMC meeting, so EURUSD should rebound there.



eurusd_h1

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