It's FOMC Day today. Im in Asia. I wont be getting into any trades until tomorrow asia time after the FOMC result.
Just a few thoughts. 75bps is pretty much priced in the market, so i think if its only 75bps plus a dovish message along with it I think market well have a breather and see DXY correcting. Anything higher than 75bps is gonna be wild..
Price is still respecting the ascending momentum. We are still bullish bias- Price is moving in an ascending manner and if bullish momentum continues, it should bring price to 144.952 levels where the 161.8% extension sits. If it breaks this level, it should bring price to 147.301 where the previous swing high sits. check out our analysis