EURUSD / Bullish Movement or Correction before FED Rate
The EUR/USD chart shows the price currently trading near the pivot line at 1.11293. The potential next direction suggests a bullish movement if the price successfully breaks and closes above the pivot line, aiming for the resistance level at 1.11947 and potentially higher towards 1.12403.
If the price fails to break above the pivot line, it may retest and move back toward the support level at 1.10750, This level acts as a key support, indicating a potential bearish correction if breached.
Key Levels:
Pivot Line: 1.11293
Resistance: 1.11947, 1.12403
Support: 1.10750, 1.10001
Trend:
Uptrend while above 1.1129
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