Short-term rally even if the trend is Bearish
EURUSD is on the higher timeframe still bearish as I suggested in my previous idea but ahead of the FED meeting, the market might try to price in the fact that the FED will probably will not hike again. In fact, there is a 92% chance according to economists that the rates will stay at 5.50%, this change of policy will still keep the dollar attractive to investors. However, to some investors, the fact that it is not going to be a hike will also push them to dump their USD and a temporary rally on the EURUSD might happen from the support we just tested at 1.0650...
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