Hello guys,
A quick look at EURUSD 1 hour FOMC chart:
We like this channel from intraday perspective:
Above 1.1330 possible 1.1450 then watch for weekly close
Below 1.1070/50 means Yellen did well, watch for weekly close.
All of these levels are intraday and close above/below extremes may push prices further and that could be something bigger but weekly close is important at this point.
Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.
A quick look at EURUSD 1 hour FOMC chart:
We like this channel from intraday perspective:
Above 1.1330 possible 1.1450 then watch for weekly close
Below 1.1070/50 means Yellen did well, watch for weekly close.
All of these levels are intraday and close above/below extremes may push prices further and that could be something bigger but weekly close is important at this point.
Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.
Happy Trading
Mr Price Action
DISCLAIMER: This material was created for informational
purposes only and represents the Land of Trading team’s view of the past and
current economic and capital market environment. It is not an investment advice
and should not be viewed that way at all, and the creators of this material
cannot be held liable for any potential losses resulting from trading, where
despite this disclaimer someone would consider this material as an investment
advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom
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