Khiwe

EURUSD Bulls Test Resistance at 1.09492

Short
Khiwe Updated   
BLACKBULL:EURUSD   Euro / U.S. Dollar
Hello There,

EURUSD is bullish from the support low of 1.09359 and is testing a resistance level of 1.09492 following an ABC sequence.

1,09394 and 1.09492 are levels of interest for a bearish continuation, and the bias is 1.09197.

*The two current bearish candles aren't clear yet.

Happy Trading
K.
Trade closed: target reached:
*Analysis from Wells Fargo Economists on FOMC Meeting Expectations*

- Wells Fargo economists do not anticipate any policy changes from the Federal Open Market Committee (FOMC) in the upcoming meeting next week.
- The post-meeting communications from the Committee are expected to provide more clarity on the potential direction of policy adjustments later in the year, according to the economists.

>This insight from Wells Fargo suggests a focus on the FOMC's messaging and guidance rather than immediate policy shifts at the upcoming meeting.

Happy Trading,
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.