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 resistance and above our 200 , 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.
∙ Telegram Channel: https://t.me/SixFigureCapital
∙ Facebook: https://www.facebook.com/sixfigurecapital
∙ Instagram: https://www.instagram.com/sixfigurecapital