Last week the Fed QE exit tough attitude certainly dominant dollar long-term trend, as shown in the red arrow is the day of Fed rate decision ，so fundamental and technical trends are bearish . Because of Fed decision pressure, and the formation of the gapped points, also the 1.25 as an integer, so I think that has a strong resistance between these two red lines as shown in image .I shorted euro at 1.2480.
summary of reasons:
1. Downward trend
2. Pressure on the Fed decision
3. Gaps provides a…
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