For 4 days , EURUSD sideways in a very tight range between 1.1330-1.1400 : Only 70 pips.
If you look at daily chart, we will see 1 big doji star and 3 hammers on the chart. It means market participants are very hesitate about next move, they need to find a catalyst to give a decision.
Today, the main focus will be FOMC Minutes. Initially, I don't think this will be a risk event, but market is mute ahead FOMC Minutes signals traders are waiting and choose this event to trade, so I must watch this event.
Clearly, market as well as traders wants something new from last Yellen's comments. They need more upbeat tone in the statement ,more hawkish to be confident in holding LONG Dollar positions.
If Mrs.Yellen once disappoints market's expectation, market would punish Dollar like previous week.
I hope there will something new; in fact, US data are not bad, labor market continues to perform very well, so FED has no reason to be dovish.
I keep SHORT EURUSD and LONG USDJPY.
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If you look at daily chart, we will see 1 big doji star and 3 hammers on the chart. It means market participants are very hesitate about next move, they need to find a catalyst to give a decision.
Today, the main focus will be FOMC Minutes. Initially, I don't think this will be a risk event, but market is mute ahead FOMC Minutes signals traders are waiting and choose this event to trade, so I must watch this event.
Clearly, market as well as traders wants something new from last Yellen's comments. They need more upbeat tone in the statement ,more hawkish to be confident in holding LONG Dollar positions.
If Mrs.Yellen once disappoints market's expectation, market would punish Dollar like previous week.
I hope there will something new; in fact, US data are not bad, labor market continues to perform very well, so FED has no reason to be dovish.
I keep SHORT EURUSD and LONG USDJPY.
----------------------------
FB page: goo.gl/Rewx6G
Please visit my website: www.trackingforexsignals.com
New Update: Version 1.2.1
New Feature:
- New plan: FREE 1 Month. Hurry: 1 month is totally fee.
- More than 100 signal providers an more than 200 positions.
- New payment method: Bitcoin .
- Data Connection: Our unique feature which helps to forecast incoming data base on previous data. No side has such feature: Only in trackingforexsignals.