FX.co ★ berta.hill | EUR/USD

Greetings, traders! ???? The Fed is being the Fed. Once again, there was a minor reaction to the recent meeting. They gave an upward momentum to the resistance at 1.0725, where everything smoothly stalled and a new price consolidation began. Now we just have to wait and see where we move next. I still prioritize selling, but I would like to start selling above 1.0770, and we still need to grow there. Yesterday's upward momentum did not continue today, which already suggests that the rise may turn out to be a mere bluff. Let's see how the second half of the day unfolds. There is a significant probability that we will just range-bound, and the fun and activity will come tomorrow with the US labor market data. These data consistently remain a strong driver for movements. So, I hope to see a good trading range of at least 100 pips tomorrow. If they allow selling and we drop, then the targets are at least 1.0550.