EUR/USD: Federal Reserve Trading Warning
Good Investment Group | Jul 29, 2015 02:43AM ET
The EUR/USD pair made a move up since beginning of the week, from 1.0980 to touch levels above 1.11
When looking on the daily chart, price is above 20 MA, both moving averages (20 and 9) are close to have a cross between them, and RSI indicator is above 50
The surface is about to be ready for a correction up, the main focus now is on the US Federal Reserve meeting today at 19:00 GMT.
Investors will closely monitor any hint on estimated time for the US rates hike, and opinion from Feds’ officials about the recent positive economic data.
High volatility is expected.
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