Salam. Federal Market Open Committee (FOMC) indcator has always been a major mover in the market. While this could be ‘something’ for somebody, I rather not to trade. This morning was almost the same. EURUSD move from low 1.4194 level up till high 1.4295, thus eliminating the rally of the USD for the past 2 days.
I’m more bias on the Bullish of this pair though. I believe this pair could break the 1.4300 (round number) level by this week or next week. The pair will find its strong support level at 1.4260 and 1.42710 zone. I believe the price shall re-test this zone several time before actually break it. A possible momentum towards 1.4296(R1) is within reach.
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