EURUSD - waiting for selling pressure to push the price down.EUR/USDOANDA:EURUSDMoon-ForexAcademy1/📈 Trend & Market Structure Overall Bias EUR/USD remains in a short-term bullish trend after a strong rebound from the 1.1500–1.1520 support area. EMA9 (~1.1611) remains above EMA89 (~1.1590), confirming bullish momentum. Price continues to trade above both moving averages. The market structure remains constructive, with a sequence of Higher Highs and Higher Lows. The pair is currently consolidating just below the key resistance zone at 1.1620–1.1640. 👉 Current Outlook: Bullish consolidation ahead of a major fundamental catalyst. 2/📰 Key Economic Event The upcoming FOMC policy decision and Federal Reserve statement are expected to be the primary drivers of market volatility. Market Focus: Federal Reserve interest-rate outlook Updated dot-plot projections Inflation and labor-market assessment Signals regarding the timing of future rate cuts Potential Scenarios 🔴 Hawkish Fed (higher-for-longer policy stance) USD likely strengthens EUR/USD could face renewed selling pressure 🟢 Dovish Fed (earlier rate-cut signals) ------------------ SELL EURUSD zone : 1.16200 - 1.16300 SL : 1.16600 TP : 1.15900 - 1.15600 - 1.15200 -------------------