EURUSD before FED

Like we said already, today is FED Interest Rate decision.
This will definitely cause some moves.

Here's what you need to look for before you enter a trade.

Direction: there is a higher probability for a strong USD, therefore we should see a new low on EURUSD. However, we should not sell right now!

Levels: The support levels are 0,9878, followed by 0,9800 and in case of a breakout then 0,9685 will be next.

Entry: There are a few ways to enter but the best one would be if we see a rejection wick above the previous highs. That wick should have formed after the news.

You need those 3 things before every trade. Everything else is money management and confidence (psychology) in your position.

In case of an upside move then we are not looking to enter a trade today!
DXYEURfedfederalreserveFundamental AnalysisinterestratespowellsignalsstrategySupport and ResistanceTrend AnalysisUSD

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