The EURUSD made indecisive movement yesterday, by opened and closed at almost the same price, formed a Doji on daily chart. The market is likely to wait for FMOC meeting tomorrow regarding rate decision and quantitative easing program before making the next steps. The Fed is expected to keep the rate at 0.25% and keep it’s 1.75T asset purchase program. I will write more details about this matter tomorrow.
On h4 chart below we can see that the trendline support still hold preventing further downside pressure. The bias remains neutral in nearest term and I think it’s better to stay out from the market for now until FMOC decision tomorrow.Â I am expecting range area between 1.4220 â€“ 1.4100 today.