EURUSD Recovers After Bearish Breakout – What's Next?

EURUSD Recovers After Bearish Breakout – What's Next?

EURUSD formed a bearish breakout below a strong support area near 1.1365 as we can see from the chart and bounced back up.

Despite the confirmation was clear for a larger bearish move, EURUSD could not fall any lower.

Speculation that the FED may not raise interest rates further is probably growing even though many articles are writing that the FED may raise interest rates.

In my opinion, the FED may comment to raise rates or may leave the door open for this decision, but I don't see that happening.

Trump wants lower interest rates and Kevin Warsh was elected as the FED chairman just to make this dream a reality for Trump.

However, let's hope that we don't face further manipulation today. We should have a clearer picture after the FOMC meeting.

Bullish Targets:
1.1440
1.1470

You can find more details on the chart.
Thank you and good luck! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.
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