EUR/USD tracked bearish to 1.1193, plunged prior to FOMC meeting and press conference on Wednesday (06/15) 2:00 PM ET. Until then, EUR/USD was expected to be dominated by bears to a rebound point of 1.1119.

Dear Traders,

EUR/USD ran bearish to 1.1193, plunged prior to FOMC meeting and press conference on Wednesday (06/15) 2:00 PM ET. Until then, EUR/USD was expected to be dominated by bears to nearest rebound point of 1.1119.

US dollar rallied on steady track today. However, traders are on also keeping their watchful eyes upon FOMC meeting results as it would be a major indicator of where Greenback rallypoint turns to be few weeks onward. Rising risk aversion also helped Yen to gain strength while toppling Euro downward after recent accident on Paris which killed police commander and approaching UK referendum (Brexit). Yen gained more than three-year highs against Euro last Tuesday in anticipation of UK's brexit possible leave from EU.


Technical Analysis

Consider looking at this graphic to aid your trading decision this day, this graphic is in h4 resolution with Elliot Wave theory to read the upcoming pattern.

EUR/USD