EUR/USD:SELL From Wedge Pattern 618% FIBO Waiting FOMC SHORT

2 nov. 2022

EUR/USD yesterday after the release of the ISM Manufacturing PMI and later JOLTS Job Openings, which see an increase in the Number of job openings during the reported month, the USD gave another bearish impulse to the market and today, meanwhile, the EUR try to recover some value, will be the release of several important news for the USD, the ADP Non-Farm Employment Change, FOMC Statement, Federal Funds Rate and last the FOMC Press Conference. If the data about this news will be favorable for the USA, we will approach another Push-down by the USD in the confront of the EUR.

Technically the Price action and technical analysis it's in favor of the USD with a Rising Wedge pattern inside a bearish channel and our yesterday's Idea worked very well after the price retested the dynamic trendline around 61.8% FIBO with the stochastic in overbought. The RSI isn't present inside my chart but it's turned bearish also.

2 nov. 2022

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✅ LOWER TIMEFRAME ANALYSIS

2 nov. 2022

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✅ AFTER

2 nov. 2022

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✅ TODAY PRICE MAY DROP MORE AFTER FOMC