This week attention will be focused on the meeting of the FOMC and the first statement of Janet Yellen as Chairman of the Federal Reserve, is expected to follow the reduction of asset purchases and that there are no changes in the interest rate.The interesting thing about this meeting will be to see if the FOMC maintained by conditioned the first rate hike to the unemployment rate reaches 6.5% or if on the contrary it decides to establish a range of economic indicators for the first rise in interest rates.The more likely that decide to search more confirmation that the economy is recovered, not only the labour market, before a rate hike.
The euro stood last week at maximun that not are they saw from 2011, confirming the break of 61% recoil Fibonacci, the last week we have seen members of the EBC uncomfortable with the appreciation of the euro and seem not willing to allow a euro above 1.40.
This week during the first days of the week I hope to keep the price range while waiting for the meeting of the FOMC, although tensions in Ukraine could increase the Monday after the referendum today, and this could send the euro lower and with a statement of the FOMC optimistic about the U.S. economy the euro could go lower still.
EUR/USD let us week passing a candle of indecision, when appear these candles the manual tells us that we will see a consolidation, a correction or even to a turn of the price, so for this week it could expect a correction of the acts upward trend towards the level of 1.3650.In the event that this correction does not occur and the price tried to rise above the level of 1.40, will witness a test of the next significant level of price at 1,4250,this level has worked in 2010 and 2011 as turn of the price level.
The euro stood last week at maximun that not are they saw from 2011, confirming the break of 61% recoil Fibonacci, the last week we have seen members of the EBC uncomfortable with the appreciation of the euro and seem not willing to allow a euro above 1.40.
This week during the first days of the week I hope to keep the price range while waiting for the meeting of the FOMC, although tensions in Ukraine could increase the Monday after the referendum today, and this could send the euro lower and with a statement of the FOMC optimistic about the U.S. economy the euro could go lower still.
EUR/USD let us week passing a candle of indecision, when appear these candles the manual tells us that we will see a consolidation, a correction or even to a turn of the price, so for this week it could expect a correction of the acts upward trend towards the level of 1.3650.In the event that this correction does not occur and the price tried to rise above the level of 1.40, will witness a test of the next significant level of price at 1,4250,this level has worked in 2010 and 2011 as turn of the price level.
