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Trading the EURUSD with FOMC and ECB

Trading the EURUSD with FOMC and ECB

Jamie Saettele, CMT, Sr. Technical Strategist

FXCM Expo Videos

Innovative Techniques with Traditional Technical Indicators

Trading with the Elliott Wave Principle

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Afternoon Technicals (all charts)

Other TA (crosses, COT, etc.)

Markets are mixed ahead an ahead of FOMC (and ECB and BoE tomorrow morning) – the GBP is weak, the NZD is strong, crude is strong, metals are weak, US bonds are down and equities are up. That said, I’m concentrating on the EURUSD which exhibits the cleanest long and short term patterns. The implications remains for a drop below 12200 before a rally towards 12500+ over the next few weeks.

EURUSD – 60 Minute Bars

Trading_the_EURUSD_with_FOMC_and_ECB_body_eurusd.png, Trading the EURUSD with FOMC and ECB

Prepared by Jamie Saettele, CMT

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.

Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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