Hi Traders!
EURUSD is very quiet and looking for a direction. This may depend on fundamental news out later today with the FOMC and ECB speaking this evening.
On a technical outlook, we have a bearish price channel with lower highs and lower lows, there is strong buying pressure around the 1.09630 area and strong selling pressure around the 1.10950 area.
Whether we breakout to the upside or downside may depend on what we hear from both the FOMC and ECB. We will be listening closely to what they say and keep you updated with how the market behaves to both their respective announcements.
Please make sure to follow, like and comment.
Thank you for your support.
BluetonaFX
EURUSD is very quiet and looking for a direction. This may depend on fundamental news out later today with the FOMC and ECB speaking this evening.
On a technical outlook, we have a bearish price channel with lower highs and lower lows, there is strong buying pressure around the 1.09630 area and strong selling pressure around the 1.10950 area.
Whether we breakout to the upside or downside may depend on what we hear from both the FOMC and ECB. We will be listening closely to what they say and keep you updated with how the market behaves to both their respective announcements.
Please make sure to follow, like and comment.
Thank you for your support.
BluetonaFX