EURUSD Rebounds from Value Area Low

After the gains last week, the EURUSD rate has recently retreated significantly. However, the chart indicates that the price bounced off the low of the current trading range's value area. This is generally considered bullish. At the same time, short-term hidden bearish divergences are visible in the MACD. Therefore, before entering a long position in the EURUSD, we recommend waiting for another pullback to the area around 1.0655. This not only optimizes our risk-reward ratio but also limits our risk ahead of today's economic data, especially the FED decision.