???URO update (FOMC Day) – $EURUSD $6E_F #forex #fx $$

Following up on yesterdays post,

1.30 is key to gain more upside – 

Not much until 1.3060


Euro is trading at 1.3048, after reaching recent highs of 1.3055. Recent price action and FOMC day has me thinking that this might be a temporary top for today since trading in general tends to experience lower volatility pre-FOMC announcement.

So far, I am mantaining the upward bias. 1.3000´s is my line in the sand for shorter term, while breaching 1.2940 will likely leave the pair exposed towards more downside.

To the upside, 1.3080-1.3060 is the first threshold, followed by 1.3124-1.3092, specifically 1.3110, for now.




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s