It is clear that EURUSD has been under pressure these past few days but will the ECB next meeting change the situation ? Well, in my opinion no! The structure still creates new lows even if a retest of the last resistance is possible at 1.0770... Moreover, the FED interest rates remain higher than the ECB and it is planned to stay that way after the increasing CPI data we got yesterday from the US. The dolar stays more attractive and I am bearish on EURUSD...
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TP1 hit!
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A retest of 1.0770 is still possible...
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New week and the consensus is the same for the coming FED meeting. I am bullish on the USD so Bearish on this pair.
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Approaching target for this Q4
