Good morning, dear trader. Are you in search of forex trading signals? We have good news for you: we come with EURUSD market technical analysis. Let’s dive into the analysis without delay.
Post-FOMC EURUSD Market Technical Analysis by Guriforex:
The EURUSD currency pair has seen a significant decline following the recent FOMC meeting, which has resulted in the creation of a notable Fair Value Gap (FVG). Since then, the price has rebounded from an important support level, indicating the potential for a corrective move to fill this gap.
🔼 EURUSD Buying Opportunity:
We’re considering long positions on EURUSD if:
1️⃣ The price consolidates above the 1.0380 level, signaling a strong foundation for upward momentum.
2️⃣ Alternatively, entering the market at current levels might also offer a favorable opportunity, depending on the setup.
🎯 EURUSD Target Levels:
- First Target (TP1): 1.0460 – where the gap begins to fill.
- Second Target (TP2): 1.0480 – achievable if the price rises above 1.0460, marking extended bullish strength.
Why This Trade?
- The rebound off support indicates buyers are stepping in.
- Filling the Fair Value Gap aligns with the natural price tendency to revisit unbalanced areas.
- If momentum builds, the EURUSD could push through key levels and achieve our projected targets.
💬 What do you think? Will EURUSD rise to fill the FVG?
❤️ Share your thoughts about this analysis.
