EUR/USD looking to head lower if the FOMC doesn't mess it up. hehe!
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EUR/USD looking to head lower if the FOMC doesn't mess it up. hehe!
Usually we don't have this much action in the markets the day before the meeting so maybe it will turn out to be more of a non event... But who knows what they're going to say or how the market will react
Usually we don't have this much action in the markets the day before the meeting so maybe it will turn out to be more of a non event... But who knows what they're going to say or how the market will react
Yeah, it should be interesting.
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Sean, is your 1.205 objective there because it was a swing low on 6/11?
No, it's a head & shoulders minimum price target.
I will say..this is not the most distinct head & shoulders...but either way, it should go down because the uptrend has been broken and "new lows" have formed.
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Email me with your questions and Ill introduce you to the community and point you in the right direction. I look forward to hearing from you.
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I will say..this is not the most distinct head & shoulders...but either way, it should go down because the uptrend has been broken and "new lows" have formed.
Thanks, I think there was a movie about a guy with a head and shoulders like that..., had a helluva limp.
EUR/GBP break below 55 days low of 0.8211 now. Once break 55 days channel, it will head lower & lower. Mostly likely EUR will suffer another round of dip soon.
Monitor on EUR/USD, EUR/JPY, EUR/AUD & EUR/CAD closely.
Still wait for the FOMC decision. Most likely maintain at 0.25%. May be "certain words used in press release statement" are important and carry impacts.
Usually we don't have this much action in the markets the day before the meeting so maybe it will turn out to be more of a non event... But who knows what they're going to say or how the market will react
Mary M'Dear, You're a Day behind the times. The Meeting is Today. Ready, Set, Go!
EUR/GBP break below 55 days low of 0.8211 now. Once break 55 days channel, it will head lower & lower. Mostly likely EUR will suffer another round of dip soon.
Monitor on EUR/USD, EUR/JPY, EUR/AUD & EUR/CAD closely.
Still wait for the FOMC decision. Most likely maintain at 0.25%. May be "certain words used in press release statement" are important and carry impacts.
Happy trade :-)
Rain Tree, you must follow the Turtle Traders....
The DailyFX Forums have over 75,000 members, and many discussions going on at once. If you arent sure where to get started, watch this video as your how-to guide to the DailyFX Forums: http://forexforums.dailyfx.com/daily...ion-video.html
Email me with your questions and Ill introduce you to the community and point you in the right direction. I look forward to hearing from you.
Sean Hyman - DailyFX Forum Moderator - shyman@dailyfx.com
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