Forex Day Trading - EUR/USD

There are quite a few reports of HIGH importance due out today. The Bank of England Minutes is due out at 9.30am, the US Fed meets on interest rates at 2pm and the BIG one, the USD Federal Open Market Committee Rate Decision is due out at 7.15pm!!
Markets will tend to trend sideways prior to 7.15pm. Best to trade around 7.15pm.

Comments

Post a Comment

Popular posts from this blog

Forex Day Trading - EUR/USD

Image
This is the 2Day 5Min Chart for EUR/USD The pending BUY order just above R1 at 14017 was taken at 9.20am with a Stop loss of 20points and Profit limit of 60points in place. The Stop loss has now been moved to 14012, just below the most recent low point in the market.
Read more