EUR/USD is trading at around 1.1050, staying at lower levels during early Wednesday morning in Asia. This comes after a slight recovery from a two-week low reached late on Tuesday. Market participants are currently anticipating the crucial announcements from the Federal Open Market Committee (FOMC) regarding their monetary policy meeting.
EURUSD ended yesterday negatively, starting today with new negativity to settle below 1.105 level, which puts the price under expected negative pressure in the upcoming sessions.
After several tests of the support zone and a stagnant price, I think with this market sentiment we are going below the support zone.
My goal is 1.10210
EURUSD ended yesterday negatively, starting today with new negativity to settle below 1.105 level, which puts the price under expected negative pressure in the upcoming sessions.
After several tests of the support zone and a stagnant price, I think with this market sentiment we are going below the support zone.
My goal is 1.10210