After FOMC statement the USD has rallied up against all currencies. I am getting excited now as most of the USD pairs are either near weekly highs or Weekly lows.
I am looking for retracement to Demand / Supply zones on shorter time frames to go long / short.
EUR USD stopped the movement downwards at 1.3807 which close to round number a good demand zone on 30 min level. If price comes back to 1.3915 area I will go short.
NZD GDP announcement later on today will also bring some major movements in NZD pairs. I will wait price to settle down after the news before placing any orders or place orders at extreme levels now.
Regards,
Trader 1981
I am looking for retracement to Demand / Supply zones on shorter time frames to go long / short.
EUR USD stopped the movement downwards at 1.3807 which close to round number a good demand zone on 30 min level. If price comes back to 1.3915 area I will go short.
NZD GDP announcement later on today will also bring some major movements in NZD pairs. I will wait price to settle down after the news before placing any orders or place orders at extreme levels now.
Regards,
Trader 1981