1.1 was the key I targeted as my profit taking zone and now the price is testing the 200 resistance line.
We have a small potential sell zone between 1.1 and 1.11 which will be in focus this week as the Dollar prepares for the Fed's decision.
Another interesting sell zone (if the price will climb above 1.11) is 1.125-1.13 - The broken uptrend line that now suppose to act as resistance.
In the chart you can see several trading scenarios that can be in play following Wednesday's Fed's decision:
1, $EURUSD respects 1.1-1.11 , stays below the 200 line and continue lower towards completion.
2. $EURUSD continues higher towards 1.125 and meet the . Sell Zone that can lead $EURUSD back to re-test the 200 line as support.
Tomer, The MarketZone
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