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All eyes on the FED interest rate decision- EURUSD Potential BUY

Long
Euro / U.S. Dollar (FX:EURUSD)  
ForexStoreau  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators fed federalreserve EURUSD fundamental-analysis Descending Triangle USD DXY
3
0
trendanalysis chartpattern indicator fed federalreserve eurusd fundamental-analysis descendingtriangle usd dxy
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.
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