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EURUSD WILL POSSIBLY BREAK TO THE UPSIDE WITH THE FED INTEREST IN THE PICTURE
Long anticipated, buy Low
Due to a possible exhaustion noticed on the DXY(Dollar Index) there is a high chance that upside will be favored on EURUSD.
Patience is the key
In search of a possible breakout soon. Its a 50/50 but fundamentals will offer more direction
Possible sell ahead of Fed interest rate decision.
There is an downtrend that has formed, we are targeting the next impulsive moves to the upside but keeping in mind the downtrend
We are waiting for price to reach the underlined support points then continue with the bullish run
This Bullish run will probably start a day before NFP release date
If price does not breakout at the first indicated region, up trend will continue till the resistance point is found
Price broke out, pull back occurred. We are anticipating a possible down trend long.
Weekly and daily charts are both drawing a possible downtrend until major support is hit.
Price might reach support of 110.435 for a possible uptrend. Few indications on both weekly and daily chart
Price might continue going down but reach a strong support point of 110.435
Will have to be patient and wait for price to hit that support line whilst waiting for a few bullish indications and bounce back.
There could be a possible down trend
Price could obey as followed