After dropping nearly 300 pips when FOMC rate decision, in my point of view, trader can buy around Fibo 50% - 61.8%, 1.34560 - 1.3500 - 1.3400 -- Stop loss: under the 1.33890 --- Take Profit: 1.35684 - 1.36579 - 1.38631
Thanks for your view, It's just my view, so hope to helps someone
Good Luck to All
Best regards,
NQH
Comments
Shadowbrokerltd
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I agree wiht Joenicholas. this pair is still in a down trend up to 1.3200 level then we can start talking about possibility of uptrend.
joenicholas
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I see strong resistance at 1.3465. It has already bounced quite a bit. I don't see anything that is pointing to a stronger euro for the rest of the year. ECB wants a weak euro. Southern Europe is reeling. Unemployment is at incredibly high levels. Meanwhile, it looks like a taper is in the cards for the FOMC, and this is only going to further weaken the Euro.