???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

2012-12-12_1009

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.

2012-12-12_1012

 

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