Today we have FOMC statement as the most important event this week. We need to carefully chose setups, although I dont advise trading during FOMC due to spike volatility and whipsaws.
From technical perspective EURUSD has formed a bullish pennant which is a sign of continuation and if we add the height of the pole to a pennant breakout we see that 2810 and 2840 are targets. Due to unpredictable PA movement during FOMC we might also see a breakout to the downside. Breakout will be valid when intraweek trendline is broken and 2685 is broken to the downside. That way EURUSD would target 2650 and 2615. Pay attention to levels and pennant for this pair.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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