Time – The FOMC statement comes out on 2 Feb at 06:00 AEDT/ 1 Feb 19:30 GMT. Chair Powell’s press conference comes out at 06:30 AEDT / 19:30 GMT Trading considerations: Positioning – Investment banks who manage flow across spot FX, swaps, and FX forwards report that clients are net short USDs, notably by real money and leveraged, although the position is not at...
Quick technical analysis on EURUSD.
While I would not be surprised to see another high here, there are plenty of Bearish Wicks indicating lower prices.
Bears remain un control Price is below. 38% fibonacci retracement Trend is clearly down Look to enter near 200h ma Target 1: 1.1215 85 pips