This pair is likely to be interesting to trade after the FOMC release.
I wrote on Tuesday last week that with the price falling firmly to a new 15-month low, along with the EUR/USD currency pair, it was hard to see an up day: I expected a down day or a period of consolidation, with the best opportunity likely to be a short trade from $1.3141.
The price then fell again to new 15-month lows but found support on Monday and Tuesday at the psychologically huge round number at $1.3000. The hourly chart below shows this has begun to look like a bullish reversal as we have clearly seen higher highs and higher lows since that level was touched. if there are no major surprises. If so, this suggests we may see a meaningful rise from here despite the long-term bearish trend.risk reward ratio
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forex Signal: Heavy Bearish PressureHeavy bearish pressure ahead for $EURUSD. Trade with our Forex signal here:
Read more »
GBP/USD Forex Signal: Bears in Control For NowThe GBP/USD pair crashed to the lowest level since November 2020 as investors embraced the US dollar as a safe haven.
Read more »
EUR/USD Forex Signal: Pullback Likely After Key ResistanceThe EUR/USD pair tilted higher on Tuesday morning as the market sentiment continued being mixed ahead of the FOMC decision and the crisis in Ukraine escalated.
Read more »
BTC/USD Forex Signal: Neutral Outlook With Bearish BiasThe $BTCUSD remained rangebound on Tuesday morning as investors watched the rising US Treasury yield and the upcoming Fed decision. Bitcoin
Read more »
GBP/USD Forex Signal: Path of Least Resistance is LowerThe $GBPUSD pair remained under pressure on Tuesday morning ahead of the latest UK jobs data. Forex signals
Read more »
What I Lost & Found When I Froze My EggsWith each perfectly-calibrated hormone shot, I also released myself from the pressure and the outcome of what would happen next.
Read more »