Hello Price Action Traders.
Tomorrow around 8.00 p.m. (+2 GMT) FED Governor Ben Bernanke will close the FOMC with the usual press conference regarding the US economic plans. For tomorrow all investors and traders are all focussed on chance Bernanke would give some information regarding a possible reduction of QE. Looking at the charts and especially the Eur/Usd we notice that the price is in a good up trend and today has touched and overrun 1.3400 area. The important resistance area are 1.3500 and 1.3600. I’d stay flat at least until tomorrow to understand what could say the price action on the daily chart and, tomorrow, have a clear scenario to trade the market.
It’s all for today!
If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to this link:
FIRST MONTH FOR FREE!!!
Get Naked Get profit!
FROM A REAL TRADER TO REAL TRADERS