Wait for Euro/USD to breakthrough downward channel

While EUR/USD obviously under pressure of the downward trend line, indicators including MACD and DMI shows bullish signals.

Pending EUR/USD to make a daily close above 1.1360 to confirm reversal, with initial target 1.1420, and another bet aim for higher 1.1560

Potential event to trigger the breakthrough could be the FOMC meeting this week

Сделка активна:

Break above resistance level after FOMC meeting as expected, short term remains bullish