Wednesday, October 29, 2014

How to trade EURUSD after FOMC Statement

I'm still with the bearish but don't know if there any surprise in FOMC Statement
how i trade EURUSD today .for up side i will focus on 1.2800 and RSI if able to break 52.8
and first target daily trend line above target 1.2885 and important level 1.2985 .
i guess this level will be new sell zone area above target open to 1.3100 and 1.3240 .
for down side bearish below 1.2700 with break RSI first target 1.2600 and 1.2500
Do not rush upside need close daily above 1.2800 and down side need close below 1.2700.