Hi all,
The prices of the EUR/USD are traded within a limited range with the absence of economic news and waiting for the decisions of the meeting of The FOMC today at 6:00 pm GMT.
We expect today a correction of the prices to the 1.3379 level and any penetration of this level will push the prices aroud $1.3434.
We notice on the hourly chart that the prices are making tops, suggesting a resumption of downward trend towards the 1.3250/1.3150 levels, but before that, it has to reach the 1.3434 level.
Source mbcfx.com
The prices of the EUR/USD are traded within a limited range with the absence of economic news and waiting for the decisions of the meeting of The FOMC today at 6:00 pm GMT.
We expect today a correction of the prices to the 1.3379 level and any penetration of this level will push the prices aroud $1.3434.
We notice on the hourly chart that the prices are making tops, suggesting a resumption of downward trend towards the 1.3250/1.3150 levels, but before that, it has to reach the 1.3434 level.
Source mbcfx.com