capitalpropertiesfx

EURUSD ahead of the FOMC

FX:EURUSD   Euro Fx/U.S. Dollar
208 0 0
Extremely tricky situation in EURUSD             ahead of the main event of this Spring. Short-term outlook is very mixed - we have a possible H&S Pattern pointing to the upside, we have a possible triangle which could break in either directon, we have a strong trendline resistance 40 pips above current price levels and on top of that, we have a bearish trend that has lasted for almost 1 year.

I'd say, the safest play today is to stay away from that pair.

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