Yesterday I was looking for a possible up move after a re-test of the strong level but price went below the level at 1.2686, tested from below and failed and sold down on data to the next strong level at 1.2642 before rebounding strongly back to the highs.
Price is much in range, waiting for FOMC today. Price is stuck at the 78 Fib and is coming down. Price action wise, we could see a retest of the low before any further upside is possible. I have no strong view of it for today. Probably better to wait till after FOMC to trade and follow the trend. If I were to give an idea, it would be a retest of 1.2642, hold for a move higher.
Price is much in range, waiting for FOMC today. Price is stuck at the 78 Fib and is coming down. Price action wise, we could see a retest of the low before any further upside is possible. I have no strong view of it for today. Probably better to wait till after FOMC to trade and follow the trend. If I were to give an idea, it would be a retest of 1.2642, hold for a move higher.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.