PRICE ACTION

PRICE ACTION

środa, 20 listopada 2013

#EURUSD before FOMC

EURUSD moved another step up and now is expected to consolidate between 1.3530 – 1.3564 (Fibo 50%). Open longs in 1.3520-30 zone. On the other hand take short on retracement to the same level after meaningful break to the downside. Further updates as situation develops. Keep in mind that today @ 6pm GMT we have FOMC Minutes. For that event watch for break out of 1.3580 towards 1.3650, or 1.3500 towards 1.3300.

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