EURUSD has been falling for a month, with price reaching 3-month demand zone soon.
With FOMC statement coming up this week, the market will be watching the tone of Fed, with rates expected to be unchanged.
Depending on which direction price moves from here, we will be looking for sell opportunities if price retraces back to 1-month demand zone, or, buy opportunities if price continues to fall to 3-month demand zone.
Entry levels for short: 1-10640 - 1.10540
Entry levels for long: 1.09916 - 1.09699.
With FOMC statement coming up this week, the market will be watching the tone of Fed, with rates expected to be unchanged.
Depending on which direction price moves from here, we will be looking for sell opportunities if price retraces back to 1-month demand zone, or, buy opportunities if price continues to fall to 3-month demand zone.
Entry levels for short: 1-10640 - 1.10540
Entry levels for long: 1.09916 - 1.09699.