Today is due the most important type of news for the market - FED Interest Rate decision.
We're expecting a 0.5% hike and that is most likely going to happen.
What we need to find out is what follows after that.
We actually think that those rumors have already affected price by pushing it higher prior to the news.
It's very likely to see price dropping and leaving a wick below the previous low from 13th of May and then to begin climbing towards 1,05-1,06.
We will then expect a continuation of the downtrend.
This is the main scenario that we look at the moment.
We don't currently have any trades and we're only looking to enter after the news, once all setups are confirmed.
We're expecting a 0.5% hike and that is most likely going to happen.
What we need to find out is what follows after that.
We actually think that those rumors have already affected price by pushing it higher prior to the news.
It's very likely to see price dropping and leaving a wick below the previous low from 13th of May and then to begin climbing towards 1,05-1,06.
We will then expect a continuation of the downtrend.
This is the main scenario that we look at the moment.
We don't currently have any trades and we're only looking to enter after the news, once all setups are confirmed.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
