[EURUSD] SIMPLE PATTERN ANALYSIS

From a technical perspective, eurusd could still achieve some bullish target, but it will be important to follow the Fed's impact on dollar, next Wednesday.
This chart simply want to show patterns in play at the moment about eurusd, but Fed could cancel all patterns or build false signals during Wednesday session, then we have to wait all the movement confirmations (bullish or bearish) before understanding the true impact.
The cancellation of all bullish pattern, does not produce a direct reversal signal, but if that happens, we will prefer remains flat and wait.

Our Setup:

The chart shows potential levels and support areas, and if you'd be happy to take other updates during the next few sessions, support us with your "I Like" or leave a comment below.

Thanks for your support and trade with care!

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MONTHLY CHART ANALYSIS

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Traders!!! ...are you ready???? www.youtube.com/watch?v=MnqYwcuI...

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Trade closed: target reached:

HARMONIC TARGET

Comment:

FED COMMENTS:
The Fed announced a rate hike by 25 basis points yesterday, with rates in a range of 0.75% to 1%, in line with market expectations. The Fed Chair Yellen stated that It is appropriate to gradually remove accommodation, as the US economy is going well. Gradual rate hikes will be appropriate over the next few years, to sustain the economic expansion.
Comparing to the economic projection made in December, the medium economic projection is essentially unchanged. The medium projection for the federal funds rate is 1.4% to the end of 2017, 2.1% to the end of 2018, and 3% to the end of 2019. That is to say, we can expect two more rate hikes from the Fed by the end of this year, a rate hike in June or July is very likely.
The medium projection for GDP growth is 2.1% in 2017 and 2018, and down to 1.9% in 2019. The medium projection for unemployment rate is 4.5% in Q4 and over the next two years. The medium projection for PCE is 1.9% this year and expects to rise to 2.0% in 2018 and 2019.
Yellen commented that the economy continues to expand at a moderate pace, labour market has seen continuous improvements. The unemployment rate was 4.7 percent in February near its recent low. Solid income gains have supported household spending growth. The Fed expects job condition will strengthen further. Business investment has firmed, business sentiment is at a favorable level.
The personal consumption expenditure rose to nearly 2% in January, largely driven by energy prices. The Fed expects core inflation to move up and overall inflation to stabilize around 2% over the next few years. The Fed expects the economy to expand at a moderate pace over the next few years.

Trade closed: target reached:

DOUBLE BOTTOM TARGET

Trade closed: target reached:

H&S TARGET HIT!

Trade closed: target reached:

ABCD TARGET HIT!