EURUSD Price Analysis Ahead of Powell's speech
🚨EURUSD Price Analysis Ahead of Powell's speech
These are the two possible scenarios I am expecting from the FED.
I don't think that the FED is going to kill USD today.
Probably the price may rise up and down but EURUSD likely may face a strong resistance between 1.1200 - 1.1270
However this is only an assumption because Powell has the last word and we can never know their plans.
Probably it will not move down immediately because everything is related to the comments but again we have to be careful.
If the price moves down the first support will be found near 1.0950 - 1.1000
A move above the structure zone 1.1270 may push EURUSD in a new trend.
However one step at a time and let's be careful
Thank you and Good Luck!
These are the two possible scenarios I am expecting from the FED.
I don't think that the FED is going to kill USD today.
Probably the price may rise up and down but EURUSD likely may face a strong resistance between 1.1200 - 1.1270
However this is only an assumption because Powell has the last word and we can never know their plans.
Probably it will not move down immediately because everything is related to the comments but again we have to be careful.
If the price moves down the first support will be found near 1.0950 - 1.1000
A move above the structure zone 1.1270 may push EURUSD in a new trend.
However one step at a time and let's be careful
Thank you and Good Luck!
Note
A possible crazy scenario that may happen after FOMC. It is risky but remains as a possibility.
EURUSD already reached 1.1190 and it can likely move down from that zone.
So far Powell is still hawkish about the strength of the US Economy
Note
🚨USD is crashing the market as I see it.
It's likely to trap many traders into positions against the USD
Note
EURUSD 120 pips down from the top
Note
The crazy scenario worked out well so far :)
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