{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eur-usd-upside-reversal\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eur-usd-upside-reversal\/","headline":"EUR\/USD Upside Reversal!","name":"EUR\/USD Upside Reversal!","description":"EUR\/USD dropped today but this could be only a temporary decline. It\u2019s traded at 1.1801 level at the moment of writing and it seems ready to come back higher. The Dollar Index has increased a little today, that\u2019s why the pair has plunged. Technically, EUR\/USD is somehow expected to increase after escaping from a reversal […]","datePublished":"2021-07-29","dateModified":"2021-07-29","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/eurusd.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/07\/eurusd.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/eur-usd-upside-reversal\/","about":["EUR\/USD"],"wordCount":222,"keywords":["EUR\/USD","Forex Trading","Technical Analysis","Trade Setup"],"articleBody":"EUR\/USD dropped today but this could be only a temporary decline. It\u2019s traded at 1.1801 level at the moment of writing and it seems ready to come back higher. The Dollar Index has increased a little today, that\u2019s why the pair has plunged.Technically, EUR\/USD is somehow expected to increase after escaping from a reversal pattern. The FOMC should bring high volatility and could also offer us a clear direction for the upcoming period.The FED is expected to maintain its monetary policy on hold. Still, hinting at a potential rate hike after huge US inflation growth could help the USD to increase again. You should be careful as anything could happen around the FOMC Statement and the FOMC Press Conference.EUR\/USD has retested the weekly pivot point represented by 1.1782 level and now it looks poised to come back higher. The R1 (1.1814) represents the first upside obstacle. Also, the 78.6% (1.1825) and the 1.1830 are seen as strong resistance levels as well.A valid breakout above 1.1830 and making a new higher high could signal further upside continuation. The upside scenario could be invalidated by a valid breakdown below 1.1763 level. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}