Yethagod

EU breakdown for the week

FX:EURUSD   Euro / U.S. Dollar
While waiting for the Fed decision on Wednesday, my bias on EU is neutral... EU is currently consolidating and seeing as price couldn't break below that 0.9950 support, a series of higher lows would see EU make some gains but i don't feel it'd get past that 1.0100 zone. I'd be taking short term buys with that area as my take profit zone but only after price breaks above and retests 1.000 presenting a higher low on the 4h. However, If price presents a lower high on the daily timeframe before getting to that area, it would invalidate that trade.. The fed is expected to hike rates by 75bps and if that happens we would see Eu trade lower and i would need to see a break below that potential trendline and/or the current support around 0.9950 before i get in for sells to 0.9900 first. Then 0.9750. If that doesn't happen my bias would still be long and my next target would be that 1.0250 level

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