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TradingShot
Mar 20, 2023 6:15 PM

EURUSD Pull-back expected before the Fed Rate Decision.Β 

EURO / U.S. DOLLARICE

Description

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The EURUSD pair is about to form a Golden Cross on the 4H time-frame but ahead of Wednesday's Fed Rate Decision, there is plenty of room for a fear related pull-back to the 1.05765 Symmetrical Support (that has held 4 times already in one month).

With Lower Lows on a Triple Bottom Zone, we'd expect downside to be limited at that point so we will open a buy and target 1.08020 (near Resistance 2). The upside is also limited by a Higher Highs trend-line.


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Comments
Traders-Club
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I agree, excellent analysis!
RLinda
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Great publication. You can see that you have worked through several timeframes, the older timeframes also support your arguments. Thank you for your work!
DeGRAM
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Well done mate, keep on doing the great work
MadWhale
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agree here
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