Today we have one for the swing traders on a Daily chart with EUR/USD.
Tonight we have the FOMC meeting which has the two possible outcomes, no increase which would result in a rally upwards breaking resistance or an increased rate followed by possibly a new lower low.
Straight away you can see price has been stuck in consolidation since the beginning of 2015. We are now trading below a very important pivot resistance and above our 200 EMA, the news tonight will determine our future short-term market positions!
If you have any additional analysis on the shorter time frames please feel free to share it below.
Tonight we have the FOMC meeting which has the two possible outcomes, no increase which would result in a rally upwards breaking resistance or an increased rate followed by possibly a new lower low.
Straight away you can see price has been stuck in consolidation since the beginning of 2015. We are now trading below a very important pivot resistance and above our 200 EMA, the news tonight will determine our future short-term market positions!
If you have any additional analysis on the shorter time frames please feel free to share it below.
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