Euro / U.S. DollarShort
EURUSD is under pressure
EURUSD is under pressure ahead of FOMC meeting.
The recent narrative about the upcoming interest rate decision is considered as a "hawkish decilne", meaning that the interest rate would be declined with cautious comments, as inflation doesn't show any signs of weakness yet: morever, it had displayed a moderate uptick during the last CPI publication.
There are two possibilities to construct a short position: the one is an intraday trade (potential short after the upside breakout through the recent chart formation), another would be a swing trade after 2-3 days of correction.
Beware of possible volatility spike during the FOMC publication and press conference on Wednesday.
Always do your own research and never forget to manage your risk!
The recent narrative about the upcoming interest rate decision is considered as a "hawkish decilne", meaning that the interest rate would be declined with cautious comments, as inflation doesn't show any signs of weakness yet: morever, it had displayed a moderate uptick during the last CPI publication.
There are two possibilities to construct a short position: the one is an intraday trade (potential short after the upside breakout through the recent chart formation), another would be a swing trade after 2-3 days of correction.
Beware of possible volatility spike during the FOMC publication and press conference on Wednesday.
Always do your own research and never forget to manage your risk!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.