FX.co ★ EUR/USD

It is worth noting that for the EURUSD pair nothing has changed in the sense that the downward movement is still continuing. And nothing unexpected happened, because, as has been said more than once, we went down below 1.1360, where we had a consolidation area. However, we still failed to gain a foothold below it, and we saw a decent rise or pullback and even went above 1.14. Therefore, around 1.1360 we still have a false breakout. Of course, a lot still depends on demand for the dollar, which today also tried to strengthen. But it is important how we will trade further, because tomorrow we have the Fed. Overall, I’m still staying out, but I will be guided by the false breakout of 1.1360, so if we go down lower, I’ll buy there, but only with a stop below today’s lows.