FOREX EVENTS | FOMC & QE

Hello Price Action Traders.

Eur/Usd

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.

 

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