Today one of most importent pair is EURUSD. If You look at the monthly chart, very easy you can notice specific situation. Exactly 12 month ago we had same picture( Last meeting of FED and eurusd on 1,05). FED today will inform about interest rate and eurusd was on 1,05. Strange? I will try long positions today.
That should interest you
Last week I pointed out the price could reach $1.20800 level and bounce back to $1.21793.
The price reached $1.20800 and bounced on Monday back up.
For the next week…
As before, so now. We are in a downward trend, and going above the resistance will only give a positive signal to possible long positions.
Lagrad's statement about too strong the euro had an immediate effect in the form of declines in pair with the dollar…