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ForexTrendline
Mar 16, 2022 6:06 AM

EURUSD before FED  

EURO / U.S. DOLLARICE

Description

Today is the FED Interest Rate decision.
This will definitely cause some moves which will present us with some trading opportunities.

We saw price holding yesterday which probably means that the market is awaiting the news to find its next clear move.
Like we said in our analysis yesterday, best case scenario would be to see price pushing up to 1,1200 and then a sharp drop to follow.
That will give us great entry levels and we can then expect a continuation down.

We're not looking to buy now or not even after the news.
We're still following the downside bias and we're waiting for the best entry levels!
Comments
Avlis_trader
Why do you choose that area to the entry point ?
TradePlus-Fx
Agree with you :)
ForexTrendline
@Viktor_Vladzimirovich, Thanks!
Lingrid
It can work!
ForexTrendline
@Lingrid, Let's find out!
KlejdiCuni
yes it is possible. Today's volatility should be very high indeed.
ForexTrendline
@KlejdiCuni, Yeah, that's right
hamidrezatatar
Good Luck ....
ForexTrendline
@hamidrezatatar, Cheers buddy!
ProjectSyndicate
always spot on sharp technicals
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