EURUSD before FED
Today is FED's Interest Rate decision.
We're expecting to see a rise from 0.5% to 1%.
A rise will definitely happen but what's more important is by how much and when would be the next one as well.
Technically, we're in a strong downtrend which is more likely to continue therefore we should see lower values.
The Interest rate decisions normally cause big moves and rejection wicks in price.
A conservative approach would be to look for entries after the news or also tomorrow.
The aggressive way to trade it would be to look to sell around 1,0590 and make an entry right after the news if there's a nice long wick.
The target is 1,0400!
We're expecting to see a rise from 0.5% to 1%.
A rise will definitely happen but what's more important is by how much and when would be the next one as well.
Technically, we're in a strong downtrend which is more likely to continue therefore we should see lower values.
The Interest rate decisions normally cause big moves and rejection wicks in price.
A conservative approach would be to look for entries after the news or also tomorrow.
The aggressive way to trade it would be to look to sell around 1,0590 and make an entry right after the news if there's a nice long wick.
The target is 1,0400!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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