EURUSD: Potential Scenarios Ahead of FOMC 🇪🇺🇺🇸

٢٠ سبتمبر ٢٠٢٣

https://www.tradingview.com/x/yhvFqCRd/

Today, we are awaiting FOMC.
Here are the potential scenarios for EURUSD.

Bullish Scenario
The price has recently reached a support line of a falling parallel channel and nicely bounced from that.
Currently, the market is testing 1.07 horizontal daily resistance.
IF the price breaks and closes above that on a daily, a bullish continuation
will be anticipated at least to 1.0755

Bearish Scenario
The market is currently consolidating within a horizontal range on a 4h time frame,
bearish breakout of its support will give you a strong bearish confirmation.
4h candle close below 1.0672 will be a strong bearish signal.
A bearish movement will be expected to 1.064 support then.

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