EURUSD: Fed-day outlookEuro vs United States DollarTICKMILL:EURUSDTrade8Eight🛠 Technical Analysis: On the chart provided, EURUSD is still moving inside a clear descending channel, so the broader structure remains bearish despite the recent rebound. Price has recovered from the lower boundary of the channel and is now trying to push back above the 1.1540 support-turned-pivot area. This bounce looks corrective for now, especially as the pair is still trading below the upper channel boundary and beneath the key 1.1550–1.1600 resistance region highlighted on the chart. The short-term structure suggests that buyers may still have room for one more push higher before stronger selling pressure returns. At the same time, the broader bearish bias stays valid while price remains capped below the descending trendline and the higher resistance zones. If EURUSD fails to secure acceptance above the current rebound area, sellers could regain control and rotate the pair back toward the lower support zone near 1.1420. ——————————————— 📌 Market Overview: EURUSD is attempting a short-term recovery, but today’s Fed decision is likely to be the main catalyst for whether this bounce extends into resistance or turns into another sell-the-rally setup. ——————————————— ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.