EURUSD is in an ascending channel in the H4 time frame and is now in a correction wave and moving towards the important support range of 1.09100 to 1.09766 which is on the major uptrend line. Also Stochastic and MACD have RD in the oversold range.
It is expected that after the announcement of the latest interest rate by the Fed, from now on we will witness an Expansionary Monetary Policy monetary policy that can weaken the USD and strengthen other indices and currencies.
It is expected that after the announcement of the latest interest rate by the Fed, from now on we will witness an Expansionary Monetary Policy monetary policy that can weaken the USD and strengthen other indices and currencies.