Euro Breaks Trend Line Before the FedEuro/US DollarFX:EURUSDTradeStationThe euro has been quiet despite lots of noise around the Federal Reserve recently. But now some traders may think it’s ready to move. The first pattern on today’s chart is the series of lower highs between early July and late August. EURUSD has pushed above that trendline this month, which might suggest a breakout is underway. Second, the currency has tracked its rising 50-day simple moving average. That may confirm an intermediate-term uptrend. Third, Bollinger Band Width recently dipped to the lowest level since December 2021. Could that period of price compression give way to price expansion? Next, precious metals and mining stocks have outperformed in the last month. That may indicate sentiment is already turning away from the U.S. dollar. Finally, Wednesday’s Fed meeting is a likely catalyst. Jerome Powell is expected to begin a series of interest-rate cuts. Meanwhile, the European Central Bank indicated last week it may be finished easing. That difference in monetary policy could also push the euro and greenback in opposite directions. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions. Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.