
EURUSD: Bears Remain in Control Ahead of FOMC
📰 Fundamental News & Price Action EUR/USD is facing downside pressure as the market focuses on today’s FOMC meeting. Reuters reports that the market is pricing in around a 93% probability of a 25 bps rate hike, taking the Fed funds target range to 3.75%–4.00%. The USD remains supported by expectations of tighter monetary policy and elevated US Treasury yields. Meanwhile, the ECB raised interest rates by 25 bps to 2.50% last week, but the EUR remained under pressure following the decision as markets remained concerned about the economic impact of higher interest rates. 📈 Key Resistance Levels & EMAs 🔴 SELL Zone: 1.1610 – 1.1617 * Strong resistance on the H1 timeframe. * Confluences with the previous accumulation/breakdown area. → If price retraces into this zone but gets rejected, this could be an area to watch for SELL signals. 🔴 Near-term SELL Zone: 1.1567 – 1.1574 * Currently positioned above the market price. * Supported by EMA confluence and a previous supply zone. → This is an important area to monitor for price reaction before expecting further downside. 🟢 BUY Zone: 1.1522 – 1.1527 * Demand zone near the current low. → If price continues lower and shows a strong reaction from this area, a technical rebound could develop. EMA Structure Price is currently trading below the EMA20, EMA50, and the longer-term EMAs, keeping the H1 structure tilted toward the bearish side. However, price is already relatively close to support, so chasing SELL entries around 1.1545 is not particularly attractive from a risk-to-reward perspective.













