Markets continue to be under pressure from the virus situation in China. Still, the markets have slowed down a bit. They are waiting for new data on the epidemic. So, the US market closed the day in positive territory.
Now, the main event of the evening will be the decision of the Fed at 20:00 London time.
There is no doubt that the Fed will leave the rate unchanged at 1.625%.
However, it is possible. Given the danger of an epidemic in China, the Fed may announce its readiness to cut rates at the next meeting. This can cause a strong rebound of the euro up.
EURUSD:
We keep sales from 1.1084.
Sales are possible from 1.1050.
Canceling the signal down at 1.1110.