EUR/USD : Will it Fly or dive after FOMC?
Hello traders and the entire Tradingview Community! Exciting FOMC event
coming up in a few hours. Even at this time of the year with low volumes, you
can still expect a lot of volatility and price movements during and after FOMC.
I am going to analyze EUR/USD without any bias here.
If you look at the daily chart, you will see that price is still above the 100-day
moving average which is a bullish sign. The area around 1.0740 which was previously
a resistance could work as a support now. If the support holds, and the Fed signals that
rate hikes are done for now, expect EUR/USD to go bullish.
A minor resistance lies around the 1.0830 level.
Note that I currently do not have any open positions in EURUSD.
coming up in a few hours. Even at this time of the year with low volumes, you
can still expect a lot of volatility and price movements during and after FOMC.
I am going to analyze EUR/USD without any bias here.
If you look at the daily chart, you will see that price is still above the 100-day
moving average which is a bullish sign. The area around 1.0740 which was previously
a resistance could work as a support now. If the support holds, and the Fed signals that
rate hikes are done for now, expect EUR/USD to go bullish.
A minor resistance lies around the 1.0830 level.
Note that I currently do not have any open positions in EURUSD.
Comment:
As expected price went bullish