EURUSD: Ahead of The FOMC 🇪🇺🇺🇸

2023年5月3日

Here are the potential scenarios for EURUSD ahead of FOMC:
the pair is currently trading within a horizontal trading range.

If the price breaks and closes above the resistance of the range - 1.1095,
a trend-following movement will be expected at least to 1.1166 level.

Alternatively, a bearish breakout of the support of the range - a daily candle close below 1.0908
will push the price lower at least to 1.085.

Let's see what will happen and let's simply act accordingly.

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