EUR/USD
1.0875
Euro armed with reverse Head & Shoulder formation ahead of FOMC statement
as we see over the chart, market showing a reverse head & shoulder formation which if managed to control market will lead for another test to 1.0990 resistance zone while above that levels market will face 1.1060 and 1.1135 resistance levels.
from another hand market still facing support line of 1.0775 which protecting this model, while below 1.0775 market may head to test 1.0710 and 1.0640 zone
this scenario will depend on Fed Statement today as market expected no change on interest rate decision
| Support | Resistence | |
| Level 1 | 1.0775 | 1.0900 |
| Level 2 | 1.0710 | 1.0990 |
| Level 3 | 1.0640 | 1.1060 |
