I was looking to take a short on eurusd, with Fomc coming out tomorrow, im expecting a downward move on eurusd, i was watching the 4hr chart for entry around 1.138 and got a huge rejection off that level. Now for my target i want to see a break of the support thats being held around 1.127, and if we cand get that break its going to be down
for quite a while. So...
I think Eur/Usd has formed a lower low on the previous range and currently on the next move to the top of the previous range. I will see what happens the see what the next
move is.