EUR/USD SHORT Trade Short Setup 3 to 5 Hours Down Trend Bias On 15 Mins Chart A Hook Trend Analysis!
U.S. FOMC Minutes Sealed EUR/USD Downside Bias...
EUR/USD could finally resolve lower Wednesday, after several failed attempts this week to close below the round-figure trading barrier of 1.1000. Today’s release of the U.S. Federal Reserve’s FOMC meeting minutes at 1800 GMT could increase conviction for U.S. dollar strength versus the beleaguered euro. If the FOMC minutes reveal that more members of the U.S. rate-setting committee are optimistic on the economy and favor raising interest rates this year, EUR/USD is likely to fall and close below 1.09225 - the base of the daily Ichimoku Cloud support zone. This is a bearish technical signal that could encourage punters to sell the euro for a target of 1.0953 - the entrance of the weekly Bollinger downtrend channel.
U.S. FOMC Minutes Sealed EUR/USD Downside Bias...
EUR/USD could finally resolve lower Wednesday, after several failed attempts this week to close below the round-figure trading barrier of 1.1000. Today’s release of the U.S. Federal Reserve’s FOMC meeting minutes at 1800 GMT could increase conviction for U.S. dollar strength versus the beleaguered euro. If the FOMC minutes reveal that more members of the U.S. rate-setting committee are optimistic on the economy and favor raising interest rates this year, EUR/USD is likely to fall and close below 1.09225 - the base of the daily Ichimoku Cloud support zone. This is a bearish technical signal that could encourage punters to sell the euro for a target of 1.0953 - the entrance of the weekly Bollinger downtrend channel.