EURUSD 1HR
EURUSD has completed a 5 wave down move and is in a strong downtrend following the hawkish tone of the Fed interested rate statement, which boost sentiments of a possible rate hike in December.
Expecting the EURUSD to rally to around 1.1195 which represents the 50 Fibonacci level of the 5 wave down move before falling. The 1.1177 level represents a possible C extension of the recent AB price swing, hence the 1.117-1.119 is a key price area to watch for price action. However a key resistance level to watch is the 1.1100 level, if prices fail to close above this level expect lower prices
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