€URO update (Post FOMC) - $EURUSD $6E_F

Following this morning update, a few observations

- Currently trading  at 1.3089, as I am writing as Bernanke is starting to speak.

- Trend is still up, although  -as noted-, 1.3120-1.3095 is an inportant area where I would expect some sort of selling to occur

- 1.3140 is a swing spot where important imbalanace between supply and demand took place, previously

- 1.3110 as POC, followed by 1.3072 (where I would expect some buyers to act, provided a retracement takes place)

- 1.3040 POC is another spot where I would expect buyers to take the stand

-1.3018-1.2996 is currently mi line in the sand to mantain upside momentum

Views: 115

Comment

You need to be a member of Forex Social Network to add comments!

Members

Join us on Facebook Now!!!

Hi everyone

This website was closed June 2nd 2015.

Please, join us now at Facebook where you can keep sharing your thoughts about Forex with our community of traders:

https://www.facebook.com/superfxnews

OVER 2,500 READERS!!!!

© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service

Offline

Live Video