Watching EURUSD Price Action at Demand Zones

21 Ağu

I looking to see if there if there will be a reaction to either of these two demand zones at 1.1080 and 1.1040. We have the FOMC minutes released at 19:00 BST (later today) and on Thursday and Friday we will have Jackson Hole symposium. I'm not looking to trade until I see a bounce of either of these zones by way of a confirmation candle.

21 Ağu

Not

FOMC Minutes just out and it looks like the committee said it would likely be appropriate to cut at next meeting. The EURUSD shot up. Hmmm. I will stand down but keep an alert on at 1.1080 in case the price enters my demand zone.

21 Ağu

Not

I've updated my alert to a demand zone in the 1.1120 region.