EURUSD
EURUSD tries to take advantage of the FOMC momentum this morning to penetrate its MA100 and hopes for a reversal in this pair. Even though the price is back in the range 1.01856 - 1.03425, we can see that the MA pattern is still in a downtrend, which means that in order to pull the MA at least into a temporary uptrend, EURUSD must make a minimum price correction to its new support which will again be below the MA100.
The trend chaos on EURUSD makes us better to stay away from this pair until there is a definite trend.
R3 1.04951
R2 1.04146
R1 1.03425
PV 1.01856
S1 1.01182
S2 1.00232
S3 0.99923
EURUSD tries to take advantage of the FOMC momentum this morning to penetrate its MA100 and hopes for a reversal in this pair. Even though the price is back in the range 1.01856 - 1.03425, we can see that the MA pattern is still in a downtrend, which means that in order to pull the MA at least into a temporary uptrend, EURUSD must make a minimum price correction to its new support which will again be below the MA100.
The trend chaos on EURUSD makes us better to stay away from this pair until there is a definite trend.
R3 1.04951
R2 1.04146
R1 1.03425
PV 1.01856
S1 1.01182
S2 1.00232
S3 0.99923