EUR/USD, the crucial level!
As I wrote in my previous EUR/USD analysis in 2016., the pair could stay in this level until some major central bank decision. Well, we have FED interest rate decision today, but could today’s decision be the stronger mover here? I doubt, because the market is expecting for FED to stay with rates on hold. Monetary policy statement could move the pair up or down and here are the levles to watch. On the way up, there is several strong resistance areas, starting with down trend line, 1.1000 resistance, daily MA100, daily MA200, stronger resistance and another down trend line. The buyers have a huge test in front and only above the 1.1070/1.1100 they can win the battle. Altough I expect one more bulls attempt to attack the 1.1000/100, the bears still have control, and you can see that on the previous attempts in the last two months. Be careful today and trade smart, don’t rush. All comments and views are welcome here for discussion.