EUR/USD after FED’s decision to stay on hold

mario-urlic-forex-eur-usd-22-09

The buyers are on the run after FED’s stay on hold and dovish Yellen yesterday. They have reached 1.1250 for now where the buyers have stoped today. As I see it, this trend line is the main technical reason for that, as I don’t see anything else here. Take a look at the EUR/USD move inside the channel and H4 spikes and fails. That’s why I see the next clear resistance at 1.1285, after and if the buyers can break this trend line and return the price inside the channel. Even there is a clear sign from the FED that they will not hike at least until December, I don’t see the Euro strong as it should be. There is too many mess around this level in which the pair is holding for a very long time. The buyers are in control, but if the sellers decide to take over here, 1.1200 is the first support on the way back.

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2 comments

  • Odlično si pronašao ovu trendliniju, a kako si i rekao euro nema snagu da potegne kako treba. Na ovaku vijest bi prije odradio 300 pipsova u danu. Sada je 100 upitno. Kako i zašto ne znam?

    Liked by 1 person

    • Da, već dulje vremena je tako oko ove razine 1.1200, kako sam i pisao prije. Također, ovaj kanal i ove H4 svijeće u njemu dovoljno govore da su medvjedi tu spremni za jaku prodaju.

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