Tag Archives: FOMC

22 Feb: Forecast: US$ pairs

  EURUSD: 1.0548 The Euro has headed lower on the EU election concerns and hawkish Fed speak, testing the 1.0520/25 support area, which has so far held although, with the short term momentum indicators now looking heavy a break could see it head quickly to 1.0500, below which would then see an acceleration to the downside as there… Read More »

Trade Idea: Buy EURUSD

Trade Parameters: Currently sitting right on the 100 SDMA, we are currently close to decent resistance, with 1.0825 being the 50% pivot of the move from 1.1299/1.0340, but with the 4 hour/daily indicators looking to align higher, it appears that we should take advantage of any short term weakness to buy the dips, looking for a break above… Read More »