EURUSD — 1.1500 as the Near-Term Bull/Bear Line
EURUSD — 1.1500 as the Near-Term Bull/Bear Line
EURUSD is approaching an important decision zone, with the 1.1500 equality objective serving as the near-term bull/bear line. Price is testing into a key support area, and the reaction here should be important for direction.
A sustained hold around 1.1500 could preserve the broader corrective structure and allow for another rebound attempt. However, a decisive break below 1.1450 would likely lead to fresh bearish momentum and a deeper downside extension.
The monthly structure is also notable, as it shows similarities to the previous significant breakdown phase. With the FOMC meeting on Wednesday, the market may use the policy decision as the catalyst to resolve this range — particularly whether the outcome is interpreted as a one-and-done hike or the beginning of a broader regime shift.
Key pivot / equality objective: 1.1500
Bearish trigger: Below 1.1450
Risk if 1.1450 breaks: Downside momentum accelerates
Bullish requirement: Hold 1.1500 and reclaim short-term resistance.
Major catalyst: Wednesday FOMC decision
Bottom line: EURUSD is sitting near a critical support/pivot zone. Holding 1.1500 keeps bulls alive, while a break below 1.1450 would shift the balance decisively bearish.
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Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!