The EUR/USD set new mid-term highs In anticipation of today’s FOMC report. It looks like traders are expecting a positive outcome of Ben Bernanke’s speech, as well as a strong bullish upswing. At the end of the European session, buyers managed to finally break 1.3380 after a few attempts, and made local tops at 1.3415.
The price is still under the uptrend line, but it cannot be considered even a minor sell signal as the previous trend was very strong and went up almost vertically. Today is probably the most important trading day this month, but we will have to wait till the evening to see the first movements. As we can see, the price made some significant supports on its way up, so a possible correction will have to struggle on its way down, even if the outcome of today’s data will be negative.
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EUR/USD Traders Betting On A Positive Outcome Of FOMC Report
Published 06/19/2013, 08:04 AM
Updated 01/31/2022, 02:45 AM
EUR/USD Traders Betting On A Positive Outcome Of FOMC Report
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