EURUSD bi-directional move possible in the wake of FOMC meeting

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The EURUSD is currently in uptrend/range but as I have already pointed out last week 1.1050 has been the target. EURUSD bounced almost hitting the target and then dipped towards 1.0900 support. We have 2 possible scenarios. 1.1000 is important POC zone (October trend line, H3, historical sellers, last swing high) and only H1/H4 close above 1.1000 or strong momentum break will take the pair up to 1.1050 and 1.1150 zone subsequently. However if the pair stays below 1.1000 we can expect 1.0900

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