EURUSD - waiting for selling pressure to push the price down.

#EUR/USD#

1/📈 Trend & Market Structure

Overall Bias

EUR/USD remains in a short-term bullish trend after a strong rebound from the 1.1500–1.1520 support area.

EMA9 (~1.1611) remains above EMA89 (~1.1590), confirming bullish momentum.
Price continues to trade above both moving averages.
The market structure remains constructive, with a sequence of Higher Highs and Higher Lows.
The pair is currently consolidating just below the key resistance zone at 1.1620–1.1640.

👉 Current Outlook: Bullish consolidation ahead of a major fundamental catalyst.

2/📰 Key Economic Event

The upcoming FOMC policy decision and Federal Reserve statement are expected to be the primary drivers of market volatility.

Market Focus:

Federal Reserve interest-rate outlook
Updated dot-plot projections
Inflation and labor-market assessment
Signals regarding the timing of future rate cuts

Potential Scenarios

🔴 Hawkish Fed (higher-for-longer policy stance)

USD likely strengthens
EUR/USD could face renewed selling pressure

🟢 Dovish Fed (earlier rate-cut signals)

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SELL EURUSD zone : 1.16200 - 1.16300

SL : 1.16600

TP : 1.15900 - 1.15600 - 1.15200

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