EUR/USD, waiting for the FED.

mario urlic eur-usd 16.09.

In my previous EUR/USD analysis from September 11. I pointed at this 1.1350/70 as an important for the bulls. The pair aproached ‘too easy’ on Monday at that level, after wich it wasn’t hard to hold the line for the bears. The euro bulls hold the first line at 1.1290/300 until Tuesday afternoon, after wich the bears reached the next line of defense at 1.1240/50. The bulls hold that line today for the second time but the pair don’t look bullish as you can see. Daily MA200 is placed near as well, at 1.1234 today and that could help the buyers, but the bears could search liquidity lower. Up trendline is placed at 1.1210, maybe that could be the turn point!? Well, tomorow is a very important day for US dollar, FED Interest Rate Decision, we could say the judgment day. It’s not easy to analyse the market day before important events like this one, all we can do is watch the big players and wait for the FED’s decision tomorow.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s