Today is a big day with very major news due from the FOMC, and markets will be watching keenly to see whether the Fed hikes by 0.50% or 0.75%. Forex Signal
I wrote in my previous forecast last Monday that the price had just hit the big round number at 0.7000 and make a bullish bounce there. I suggested not to have any faith in this low until the price got established above at least 0.7038 or ideally 0.7063.
about this bullish movement – it is proportionate with the trend and seems to be just a bullish retracement. This is reinforced by the fact that the price is still respecting the resistance level I have drawn at 0.6918., today is a big day with very major news due from the FOMC, and markets will be watching keenly to see whether the Fed hikes by 0.50% or 0.75%.
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