lewglasgow

EUR/USD - FOMC Meeting

FX:EURUSD   Euro Fx/U.S. Dollar
Today we have one for the swing traders on a Daily chart with EUR/USD             .

Tonight we have the FOMC meeting which has the two possible outcomes, no increase which would result in a rally upwards breaking resistance or an increased rate followed by possibly a new lower low.

Straight away you can see price has been stuck in consolidation since the beginning of 2015. We are now trading below a very important pivot resistance and above our 200 EMA, the news tonight will determine our future short-term market positions!

If you have any additional analysis on the shorter time frames please feel free to share it below.
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Lewis Glasgow, Creator of Six Figure Capital.
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