Could today’s FOMC push EURUSD out of its comfort zone?
I think there’s a good chance.
Even if today’s events don’t force a break, the EURUSD is going to be forced to make a decision soon.
In Sunday's video, I pointed out this sideways price action below descending channel resistance.
At the moment, that resistance area comes in just above 1.1080.
That’s the confluence of resistance that buyers need to break in order to push EURUSD higher, in my opinion.
As for support, the September 2 high just below 1.1000 is attracting buyers.
We can see that in the price action between the 16th and 17th.
So what’s my plan of action for the EURUSD?
Continue reading...
https://dailypriceaction.com/setups/eurusd-fomc-trade-plan/
I think there’s a good chance.
Even if today’s events don’t force a break, the EURUSD is going to be forced to make a decision soon.
In Sunday's video, I pointed out this sideways price action below descending channel resistance.
At the moment, that resistance area comes in just above 1.1080.
That’s the confluence of resistance that buyers need to break in order to push EURUSD higher, in my opinion.
As for support, the September 2 high just below 1.1000 is attracting buyers.
We can see that in the price action between the 16th and 17th.
So what’s my plan of action for the EURUSD?
Continue reading...
https://dailypriceaction.com/setups/eurusd-fomc-trade-plan/