EURUSD: Market overreact to Yellen Statement but mrkt is mrk

FX:EURUSD   Euro / U.S. Dollar
The sellers win the match and the Market Over react to Yellen statement underlining that FED may increase the interest rate sooner then foreseen.
Remember that the first statement was made in early May saying that FED may increase the interest rate by October. Then in June FED says that MARCH 15 would be the earliest. Whereas now, Yellen at the hearing recall that they may be increasing the interest rate earlier, meaning October.
Of course market is the market and we should believe in the balance of buyers and sellers that make the price. However, having such a controversial statement in such a short time make prediction and forward studies rather difficult.
But I won't complain at all.
Yet, bellow 1.3535 and 1.3525 it is a clear sign of reversal. Having said that, RSI is really too low. Therefore, although I DO NOT BELIEVE ANYMORE in a JUP towards 1.375, we may still have a lift up as a correction because of the present situation, but still , this may not exceed 1.3585 or 1.362 which is a bit far from my studies. But market we never know
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out