EUR/USD: Daily Analysis
Nenad Kerkez | Nov 19, 2014 11:23PM ET
PRE FOMC Analysis
Today there will be another FOMC meeting so pay attention to potential trades and try to manage the positions accordingly. EUR/USD shows confluence around 2515-25 and a pullback to the region might give another possibility for longs. 2550 is also another interesting spot as Breakout trade could push the pair towards 2590 and 2635. We have 2 trend lines , one intraday and one intraweek. Both show a confluence with POC ( L3, dpp, fib). The pair is also trapped in a symmetrical triangle. Pay attention to setups before FOMC as FOMC could negate technicals completely.
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