EURUSD View

20 thg 9, 2021

Price Action indicates that EURUSD might be gearing towards a further downtrend as it seeks to complete the "M" pattern that was started by an uptrend in April 2021. The current price zone is critical and with a strong support zone that needs to be broken before we can see a solid drop in price. The FED meeting scheduled for 21st and the 22nd of September will be key in giving us market direction for the next few weeks. Prices will be trapped within a narrow zone until Jerome Powell's statement. We expect an easy ride down in case FOMC will fuel a stronger dollar.