ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
(10 August Europe) Latest Impact: EURUSD – Short term reversal ahead of FOMC
EURUSD: Astonishing reversal pattern did occur after the release of NFP. The pressure should be allowed to hold toward 140 for now and only a close above 14330 nullifies the bearish scenario. The pair would be suffocated between few supports on 14100 and 14000 where delays and bounces are expected to halt the speed of the slide, and we are not ruling out a U-turn once FOMC releases its benchmark to surprise its low interest rate holder. Finally, 14000 is a good level to watch for the next weekly close.
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