EurUsd Fed's Rate Decision | Sideway or Downtrend?
My personal opinion on price movement based on Fed Decision.
Fed Decision:
1. Interest rate Increase (Most likely)
USD temporarily become strong.
Price will drop until 1.05300 and slowly climb back to 1.07500
2. No Changes in Interest Rate (Pausible)
Price will retest at 1.06500
or
Will possibly break resistance 1.08000
3. Interest rate Decrease (Unlikely)
Price break above 1.08000.
Market will trade between 1.08000 - 1.10000.
Fed Decision:
1. Interest rate Increase (Most likely)
USD temporarily become strong.
Price will drop until 1.05300 and slowly climb back to 1.07500
2. No Changes in Interest Rate (Pausible)
Price will retest at 1.06500
or
Will possibly break resistance 1.08000
3. Interest rate Decrease (Unlikely)
Price break above 1.08000.
Market will trade between 1.08000 - 1.10000.
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