FOMC today, what to expect?
Updated
We are moving in a downward local channel. We fall to the lower border of the bullish channel.
▫️ If we start from the lower border of the channel, the $20,800 area, then we go again to the local long
▫️ If we spill below the channel, with or without a retest, then we go to the area of $18,900
Also, do not forget about the key events today:
▫️ On July 27 (Wednesday) there will be a Fed meeting and a possible rate increase to 1%. At the same time, the market expects an increase of 0.75% from
with a 79.3% probability, and a 1% increase with a 20.3% probability.
▫️ July 28 (Thursday) will be the publication of US GDP data for the second quarter.
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▫️ If we start from the lower border of the channel, the $20,800 area, then we go again to the local long
▫️ If we spill below the channel, with or without a retest, then we go to the area of $18,900
Also, do not forget about the key events today:
▫️ On July 27 (Wednesday) there will be a Fed meeting and a possible rate increase to 1%. At the same time, the market expects an increase of 0.75% from
with a 79.3% probability, and a 1% increase with a 20.3% probability.
▫️ July 28 (Thursday) will be the publication of US GDP data for the second quarter.
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Note
An example of what I expect todayNote
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