Trading the EURUSD with FOMC and ECB
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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
Prepared by Jamie Saettele, CMT
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Jamie is the author of Sentiment in the Forex Market.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.