- EUR/USD has been grinding higher all day in a rising wedge shape ahead of the FOMC rate decision. The formation is potentially bearish.
- The FOMC rate decision is most likely going to provide much volatility. Join the Fed Live Coverage - Today at 17:30 GMT, click here.
Spot rate: 1.1785
Relative change: 0.34%
Trend: Bearish below 1.1850
Resistance 1: 1.1800
Resistance 2: 1.1821 current week’s high
Resistance 3: 1.1850 figure and near last week’s high
Support 1: 1.1730, 23.6% Fibonacci retracement from mid-April-May bear move
Support 2: 1.1650 June 5 low
Support 3: 1.1600 figure
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