EURUSD | Update | Is This The Time For a Weaker USD?
EURUSD | AB=CD Pattern | Is This The Time For a Weaker USD?
From the previous idea shared below, we can see that the price made a very nice
price reaction close to the reversal area.
However, we need to be careful. Despite the fact that FOMC increased the interest rate
by 0.5 basis points (+0.5%) we saw USD to be weaker last night.
During the previous FOMC price did the same thing it increased after FOMC increased the interest rates
and it moved lower after that again. So be careful as the price can correct lower before the next
bullish movement.
Thank you and Good Luck!
Previous Idea:
From the previous idea shared below, we can see that the price made a very nice
price reaction close to the reversal area.
However, we need to be careful. Despite the fact that FOMC increased the interest rate
by 0.5 basis points (+0.5%) we saw USD to be weaker last night.
During the previous FOMC price did the same thing it increased after FOMC increased the interest rates
and it moved lower after that again. So be careful as the price can correct lower before the next
bullish movement.
Thank you and Good Luck!
Previous Idea:
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