EURUSD in the triangle. The macro data will break the pattern.

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EURUSD

In the graph, we can see what is being drawn to us, and it is a triangle. Considering that the markets are expecting statements and FOMC forecasts today at 19:00 CET, we are almost certain that we will witness some strong moves. Raising the interest rate after such a long time must be a strong signal for the markets in a country where, despite inflation, such a move was decided only now. The commenced price movement on the US dollar pairs in which we have seen a consolidation so far will probably give us an indication of the direction.