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EURUSD is waiting for FOMC decision today

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The EURUSD has been ranging in the wake of FOMC decision which is scheduled for 6 PM GMT today. No rate hike is expected this week especially because job growth has been slowed down in recent months.Consumer spending and worse than expected payroll gains also contribute to no rate hike today. Technically EURUSD has failed to close below 1.1010 and that makes it a fake out. Clear and strong close of 4h candle is needed below 1.1010 for further down towards 1.0965 and 1.0900. Failure to break

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