FX.co ★ EUR/USD analysis for July 28 2021 - Falling wedge pattern in play just prior to FOMC Press Conference

Technical analysis:

EUR has been trading sideways at the price of 1,1810. There is potential for the bigger upside movement due to the potential breakout of the falling wedge in the background.

Trading recommendation:

Watch for potential buying opportunities on the pullbacks after the FOMC.

Rsi oscillator is showing upside reading above 50....

Key support is set at the price of 1,1750