Reversal unlikely until next FED / ECB Rates

Trends are set by Interest Rates and usually they are 500 pips between the announcements. I would not expect any reversal yet but a congestion along 1.10 or move above that (as the first impulse after the rates decision had been pretty intense and it is not over).

IF ONE OF THE PARTIES (ECB / FED) WILL RAISE OR LOWER RATES IN DECEMBER PRICE WILL MOVE ACCORDINGLY. Current usd weakness (eurusd uptrend) is driven by last no hike from FED. Similiarly eurusd drop that started in late July was driven by FED hike.

For educational purposes only