All eyes on the FED interest rate decision- EURUSD Potential BUY
EURUSD - Daily candles has broken a descending wedge pattern and is using the wedge as support.
There was a bullish divergence on the RSI
If the FED cut interest rates, or give an indication of a rate cut next month we could see a weaker USD.
This could give the EURUSD a significant move towards the 1.1600 area.
If the EURUSD makes it to that zone, this could then turn into a SELL preference in the long term.
There was a bullish divergence on the RSI
If the FED cut interest rates, or give an indication of a rate cut next month we could see a weaker USD.
This could give the EURUSD a significant move towards the 1.1600 area.
If the EURUSD makes it to that zone, this could then turn into a SELL preference in the long term.