EURUSD @ 1h @ Trading Box (1.05670 & 1.06600) 50th week

Updated

This week EURUSD should awaiting the US Raite Hike and Press Conference of FED Chair Woman (on Wednesday) in a Trading Area - even Trading Box - between 1.06600 & 1.05670. I personally don`t know how much is priced in and how many rate hike the market is excepting right now !? So, i would prefere a technical SetUp, even trend follwoing, out of this price area (between 1.05670 & 1.06600) ...

1.06898 - monthly november`16 low (after president election rally)
1.06855 - 2nd temporarly high after last superordinate sell pressure and rebound
1.06666 - 2nd temporarly high after last superordinate sell pressure and rebound
1.06600 - upper edge of trading box
1.05670 - lower edge of trading box
1.05620 - 2nd temporarly low after last superordinate sell pressure
1.05518 - 3rd temporarly low after last superordinate sell pressure
1.05170 - 1st temporarly low after last superordinate sell pressure
1.05038 - 4th temporarly low after last superordinate sell pressure

Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)

Best regards
Aaron

Note

Long EURUSD @ contrarian recovery bet (into, while & after FOMC)

Devise2Day

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