Can the EURUSD reclaim a significant level it lost on Wednesday?
Today’s Fed rate decision will decide, and today’s video has the answers.
Today, EURUSD is filling the imbalance left by Wednesday’s 250-pip drop.
I mentioned this move in yesterday’s video, so hopefully, nobody was caught off guard.
What’s key now for EURUSD is where today’s session closes.
This is especially important with today’s Fed rate decision, which will bring more volatility for the US dollar.
If EURUSD can close above 1.0780, that confirms a bullish reclaim.
This would open up levels like 1.0840 and 1.0900.
On the other hand, a daily close below 1.0780 keeps this area intact as resistance following Wednesday’s breakdown.
As I’ve emphasized throughout the week, patience is crucial in this kind of volatility.
There will always be another opportunity, but you won’t be able to take advantage of it if you lose your capital.
So, stay patient and watch where today’s session closes relative to 1.0780.
That should offer enough clues for potential trade setups through the rest of November.
