Hello, traders! 📢 Are you looking for Forex trading signals? 📊 Today, we’re here with an EURUSD Trading Signal! 🚀 Let’s dive straight into the analysis. 🔍📈

📉 EURUSD – Bearish Setup Ahead of FOMC! Will the Wedge Break Down?

The EURUSD pair has been on an upward trajectory; however, it has formed a rising wedge pattern, which is a bearish technical structure. Currently, the price is testing the lower trendline support, making today’s movement particularly crucial for the next potential direction.

With the FOMC interest rate decision due today, market volatility is expected to increase. If the price breaks below 1.0890, we could see a further decline towards 1.0780, following the wedge’s expected breakdown.

🌍 Market Sentiment & Key Drivers

US FOMC Rate Decision – A hawkish Fed stance could strengthen the USD, pushing EURUSD lower.
Inflation & Economic Data – Any signs of weaker European economic performance could further weigh on the Euro.
DXY (Dollar Index) Strength – A rising DXY would likely drive the Market downward.
Geopolitical Tensions – Risk sentiment may impact the safe-haven USD demand.

📊 EURUSD Trading Plan – Key Levels to Watch

🔻 Bearish Setup (Breakdown Scenario)

🔴 Entry: Sell below 1.0890 after confirmation
🎯 Target Profit: 1.0780 (Key support level)
⛔ Stop Loss: 1.0947

🔼 Bullish Scenario (Reversal Possibility)

If EURUSD holds the wedge support and bounces, we could see a test of the upper boundary (~1.0950-1.0970) before deciding the next move.

🚨 FOMC Alert: Expect higher volatility—stay cautious with risk management!

📢 What’s Your Take on EURUSD?
Will it break down, or are we in for another push higher? Comment below & hit ❤️ if you’re watching this setup! 🚀📉