I do not trade during news event, but I was just curious what could be the eventual impact of the FOMC meeting of this evening.
Based on the move before and during the previous FOMC meeting I made a projection of where the news later today could take us. If the market perceives the news as negative (for me the more likely scenario), we might break the 1.10 resistance zone and reach into the previous "channel" between 1.1280 and 1.1500.
If news is perceived positive, we could go all the way down to the 1.05 area.
So ... are you going to trade before and during the FOMC, or are you going to wait till the dust settles ? Let me know how you see it and leave your comments below
Based on the move before and during the previous FOMC meeting I made a projection of where the news later today could take us. If the market perceives the news as negative (for me the more likely scenario), we might break the 1.10 resistance zone and reach into the previous "channel" between 1.1280 and 1.1500.
If news is perceived positive, we could go all the way down to the 1.05 area.
So ... are you going to trade before and during the FOMC, or are you going to wait till the dust settles ? Let me know how you see it and leave your comments below
Check out my FREE indicator scripts:
► www.tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
► www.tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle
