WengJeff

EURUSD may break 1.0500 to complete it ABCD

FX:EURUSD   Euro / U.S. Dollar
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As FOMC data release, we see it push the price to the direction it should be go. I believe that with the right technical analysis , we can always predict the market movement even is a fundamental event released.

Fundamental event is a market manipulation to stop hunt retail trader like us. By the end of the day, the price will still move to the direction it should be headed to.

EU had find it C-RETRACEMENT at 1.0820 which I published an idea before. So, after the FOMC release, EU had just create a new low. We may see the price to break 1.0500 and go down to 1.0300 or even 1.0050 to complete it ABCD movement.

Let's see how the price will go. Enjoy your day.
Jan 02
Comment: Happy new year guys!

Pin bar on Daily chart. Nice confirmation, if today daily candlestick close as Bearish engulfing then short EURUSD.
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