Dollar index tumbled broadly on Wednesday against all majors as the Federal Reserve left its key benchmark lending target, the fed funds rate, unchanged at 0.25% and kept its USD85 billion monthly asset-purchasing program in place so free money to buy stocks and bonds …so it leads to one conclusion that Stock indices will be higher in mid term but can not rule out a Mini crash as well

Have a nice trading day ahead of you

Cheers !


EUR/USD (last 1.3557)

Support:
1.3508 (S1)
1.3446 (S2)
1.3376 (Major Sup)

Resistance:
1.3592 (R1)
1.3657 (RR)
1.3768 (RRR)

RANGE – 13618—13486---13347

STRATEGY

Choppy action

Mid term Trade

Short@1.3772 Stop@13847 tgt 1.2972 (Parked new order)

High Risk

buy @13358 stop@13327 Tgt 13608

We will be watching till a clear direction if it breaks below 13346 we are heading a lot lower and if not then it is heading for the 13700+ area for day trade buy near 13455 stop@13427 tgt 13608


GBPUSD (CABLE) (16074)

Support:
16012 (S1)
15934 (S2)
15742 (Major Sup)

Resistance:
16240** (R1)
16318 (RR)
16446 (RRR3)

Range -16002----16269—15882

Strategy

(SOS)

Short @16266 stop@16297 tgt 16019

long@15982 stop@15932 tgt 16222

(Plz note on all the intra day of not filled By the same Day till MOC then Cancel the Trade)

Other markets for till Monday

Gold 1402 make or break

Silver 2372 MOB

Sp 500 1682 MOB

Fb 42 .40 make or break

GS 164.00

Apple 458

Time line For short term cyclical projections

GMT

---GMT

For ---

---- is minor turn cycle for the day

For the Fellow Traders plz do place the stops and intraday Trade means if not filled by MOC cancel the Trades