This week EURUSD should awaiting the US Raite Hike and Press Conference of FED Chair Woman (on Wednesday) in a Trading Area - even Trading Box - between 1.06600 & 1.05670. I personally don`t know how much is priced in and how many rate hike the market is excepting right now !? So, i would prefere a technical SetUp, even trend follwoing, out of this price area (between 1.05670 & 1.06600) ...
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
- 1.06898 - monthly november`16 low (after president election rally)
- 1.06855 - 2nd temporarly high after last superordinate sell pressure and rebound
- 1.06666 - 2nd temporarly high after last superordinate sell pressure and rebound
- 1.06600 - upper edge of trading box
- 1.05670 - lower edge of trading box
- 1.05620 - 2nd temporarly low after last superordinate sell pressure
- 1.05518 - 3rd temporarly low after last superordinate sell pressure
- 1.05170 - 1st temporarly low after last superordinate sell pressure
- 1.05038 - 4th temporarly low after last superordinate sell pressure
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.