EUR/USD consolidates in narrow range, market awaits FOMC meeting
EUR/USD trades in narrow range between 1.1370-1.12588 for the past three trading session.
Any further break out can be seen only after US Fed meeting which is to be held on Sep 16th.
On the downside EUR/USD is facing support around 1.1250 and any break below will drag the pair till 1.1200/1.11500.
Short term Bullish invalidation only below 1.1150.
The pair’s resistance is around 1.1330 and indicative break above will take the pair till 1.1375/1.14365.
Major short term resistance is 1.14365 and break above confirms short term bullishness , a jump till 1.1500/1.1560 cannot be ruled out .
It is good to buy at dips around 1.1255 with SL around 1.1150 for the TP of 1.1436/1.156
Any further break out can be seen only after US Fed meeting which is to be held on Sep 16th.
On the downside EUR/USD is facing support around 1.1250 and any break below will drag the pair till 1.1200/1.11500.
Short term Bullish invalidation only below 1.1150.
The pair’s resistance is around 1.1330 and indicative break above will take the pair till 1.1375/1.14365.
Major short term resistance is 1.14365 and break above confirms short term bullishness , a jump till 1.1500/1.1560 cannot be ruled out .
It is good to buy at dips around 1.1255 with SL around 1.1150 for the TP of 1.1436/1.156
