EURUSD: Scenarios For Next Week Explained 🇪🇺🇺🇸

11 Jun 2023

EURUSD is trading within a horizontal range on a daily.
Depending on the FED interest rate decision on Wednesday,
I see 2 potential scenarios.

If the price breaks and closes below 1.063,
I will expect a bearish trend continuation and a bearish movement to 1.054.

Alternatively, a bullish breakout 1.0788 will trigger a bullish continuation to 1.081.

The interest rate decision will most likely clarify the future direction of the market.

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