1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

EURUSD trading strategy during FOMC Rate Decision week

Discussion in 'Forex Discussions' started by World-Signals.com, Jun 12, 2016.

  1. World-Signals.com

    World-Signals.com New Member

    Feb 27, 2016
    Likes Received:
    The day June 15th at 18:00 GMT is the most important day and time for June and probably for the summer. In this time is expecting Fed interest rates decision. World-Signals.com expects high volatile market as depends on the situation EURUSD may move more than 400 pips within the first hour of trading.
    Ahead FOMC Interest rates decision the dollar recovery some of the losses by the U.S. Non-farm payrolls report last week. The recovery may continue till Wednesday at 18:00 GMT. The other important events in the week are Retail Sales on Tuesday at 12:30 GMT and Thursday CPI and Core CPI at 12:30 GMT. For the Euro Zone the most important events are EU CPI on Thursday at 9:00 GMT and Friday ECB President Draghi's Speech at 15:00 GMT.
    The support level of EURUSD is formed at 1.1135 while resistance level we see at 1.1415. After Fed events on Wednesday one of these levels will down.
    World-Signals.com trading strategy this week is to keep short positions until Wednesday. Interest rates rise with 25 bps is already generated by the market so is possible to see weak dollar at the mid of the week.
  2. sininfinity

    sininfinity Trusted Member

    Apr 4, 2014
    Likes Received:
    In my view price has made it's move and won't be making any breakout move till FOMC announcement. Also the Brexit in talk, don't know how market is going to react in that situation. Not trading but will keep an eye on market from sidelines.
  3. Sharon Higgins

    Sharon Higgins New Member

    Oct 29, 2014
    Likes Received:
    At present, it’s better to be on sidelines then trading, it’s absolutely gambling time here, we will not be really sure of what to do because the movement is just so unpredictable and it’s likely to remain till the voting results is revealed where market is going to get crash or will carry on rolling massively, so either way this week is going to be written in history, it’s wise that we be careful with how everything is going to work out since only then we could make good profits and that too without taking too much of risk. I am glad that my broker OctaFX has already told me about the risk, I just hope other brokers do the same.

Share This Page