EURUSD Sideways

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 1, 2016 11:21 PM

Wait for possible bounce at R3 pivot pt. after the USD FOMC Interest Rate decision at 2:00 (UTC+8) tomorrow. To setup a short stop after bearish confirmation candle in line with the bullish sentiment on USD (dailyfx.com/forex/video/live_events/2016/11/01/fomc-nfp-us-elections-to-keep-usd-in-spotlight.html).

Comment

⋅ Nov 4, 2016 3:13 AM

Pair went ranging now in 1H chart.Waiting for US NFP report later at 20:30 (UTC+8) and see if the bounce at R3 pivot point will happen.

Made some changes with the trendlines for 1H and 1D.
1H Chart:

1D Chart:

Comment

⋅ Nov 4, 2016 3:21 AM