FX.co - Evening review on September 16, 2020

2020-09-16T12:19:47

Relevance until2020-09-17

The EUR/USD pair prepares consolidation ahead of the Fed meeting scheduled at 18:00 UTC.

Upon the Fed's decision, the euro may grow which may break through the level of 1.1920 with the succeeding target to the level of 1.2000.

You may consider buying euro from 1.1905 with a stop at 1.1860.

In case of a full reversal down, sell from 1.1750.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Evening review on September 16, 2020