EUR/USD rejected of our major resistance at the
price of 1.1080 that we mentioned yesterday. Yesterday was the NR7 (narrowest daily range in past 7 days) and today we got down break.
Due to strong rejection of our main pivot resistance at 1.1080, we do expect further downside and potential test of the support at 1.1000. Watch for selling opportunities on the rallies on the lower frames 5/15 minute time-frames to better time your entries.
Today is the FOMC day and you should be extra careful with positing sizing.
My advice is to establish short position with the potential target at 1.1000 and max stop loss at 1.1090
