EURUSD trading strategy during FOMC Rate Decision week

FX:EURUSD   Euro / U.S. Dollar
The day June 15th at 18:00 GMT             is the most important day and time for June and probably for the summer. In this time is expecting Fed interest rates decision. expects high volatile market as depends on the situation EURUSD             may move more than 400 pips within the first hour of trading.
Ahead FOMC Interest rates decision the dollar recovery some of the losses by the U.S. Non-farm payrolls report last week. The recovery may continue till Wednesday at 18:00 GMT             . The other important events in the week are Retail Sales on Tuesday at 12:30 GMT             and Thursday CPI             and Core CPI             at 12:30 GMT             . For the Euro             Zone the most important events are EU CPI             on Thursday at 9:00 GMT             and Friday ECB President Draghi's Speech at 15:00 GMT             .
The support level of EURUSD             is formed at 1.1135 while resistance level we see at 1.1415. After Fed events on Wednesday one of these levels will down. trading strategy this week is to keep short positions until Wednesday. Interest rates rise with 25 bps             is already generated by the market so is possible to see weak dollar at the mid of the week.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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