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Impact of FED's Rate Hike on Forex Market

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 17, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The FED’s decision to increase interest rates in the US caused lots of volatility in the market. The EUR/USD moved lower eventually during the news but price is still far away from the current year low. For the moment I am not expecting price to break below this year’s low (green line) and hence the wave count is now showing a wave X retracement (green). 1 hour The EUR/USD bearish price action has been slow and therefore the wave count is showing an ABC zigzag rather than a 123

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