Forextradingwithjacob

EURUSD LONG DONE PROGRESS

The Federal Reserve (Fed) kept its interest rate unchanged at 1.50 - 1.75% and rose the IOER rate to 1.6% from 1.55%, as expected. The decision had practically no impact across markets. Fed’s actions were fully discounted. The statement contained minor changes: they see household spending rising at a “moderate” pace instead of “strong.” Now attention turns to Chair Powell’s press conference now happening. EurUsd hovering around 1.1000.

EURUSD: BULL POWER IN PRICE ACTION

BULLISH SHARK

EURUSD OVERSOLD AND IN VALUE AREA OF SUPPORT

AS I SAID EARLIER THAT 1.3170 IS IMMINENT, NOTICE HOW PRICE MOVED TO 1.3170 AND REVERSED. THE POWER OF TECHNICALS!

GOOD FOR EURUSD

German Markit Mfg Flash PMI Actual 45.2 (Forecast 44.5, Previous 43.7)