EURUSD - are you ready for the FOMC ?

FX:EURUSD   Euro / U.S. Dollar
2993 55 34
I do not trade during news event, but I was just curious what could be the eventual impact of the FOMC meeting of this evening.

Based on the move before and during the previous FOMC meeting I made a projection of where the news later today could take us. If the market perceives the news as negative (for me the more likely scenario), we might break the 1.10 resistance zone and reach into the previous "channel" between 1.1280 and 1.1500.

If news is perceived positive, we could go all the way down to the 1.05 area.

So ... are you going to trade before and during the FOMC, or are you going to wait till the dust settles ? Let me know how you see it and leave your comments below
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Hi Nico, I would like to thank you for your insights last week. Thanks to your predictions, I managed to recover most of my losses. Keep up the good work :-)
+1 Reply
Nico.Muselle coolbunny100
Glad it was helpful !
I can go on sale
RECOMMEND enter long on the euro and dollar
RobertPapon juancho.villalba.7
long? why?
SunnyBTC RobertPapon
Yup. Euro is toast imo and DXY should bounce up here
Nico I'm long on EUR/USD now and aiming for 1.1350 with a huge stop loss at 1.0731 . Hopefully it reaches it. My huge doubt is that i'm also long on EUR AUD, chart is attached. I have a stop at 1.3614 and aiming for TP - 1.4374 . Do you think it's possible ? Anyone ?
anish_206 anish_206
Also is it possible for EUR/USD TP - 1.1350 as well ?
I have my target @ 1.3330, completion of a bat pattern
+1 Reply
I have my doubts about EURAUD as it just created a lower low ... there might be some further retracement to the upside but I don't think it will retrace to the previous high
+1 Reply
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