EURUSD has three waves down from the highs with current price still trading in the middle of a downward channel, so as long that's the case pair is at "no man's land". we however should look for another push up to 1.1250 area if upper trend line is broken; but on the other-hand we will be looking for a bearish scenario if price will shows us acceleration through the lower trendline and beneath 1.0989 level. So based on latest price moves there are 50:50 chances for bullish/bearish case, but I think that we will not get any clear price action till FOMC press conference tomorrow at 18.00GMT.
EURUSD, 1H
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