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Oct 28 2015 at 17:59
454 posts
In few minutes the FOMC statement will come out, Happy trading everyone.

Oct 28 2015 at 19:00
413 posts
200 pip in one hour, What a drop in the EUR/USD! Testing the 1.0900 support level at the moment.

Oct 29 2015 at 07:00
7 posts
Hi guys!

FOMC definitely surprised the market and caught us off guard! That was as hawkish as it could get in that statement. Hope you guys were on the right side. Sadly our news feed froze up before we could jump in and we missed a good 50 pips of the initial move, but we're still sitting comfortably. :)

Good luck everyone!

Oct 29 2015 at 07:00
52 posts
Congrats ...
It will go further down the coming weeks till next ECB and FOMC meeting in December.
1.08/09 Range is in the picture for sure...
Happy trading all!

W-Hedge Fund

Oct 29 2015 at 07:06
3 posts
that was one hell of a drop lol got me some pips on this one!! ;)

Hugo ONeill (honeill)
Oct 29 2015 at 09:32
1141 posts
Yesterday the EURUSD initially rallied but found yet again enough resistance at the 200-day moving average to reverse and closed in the red near the low of the day with a wide range.

Yesterday the US Federal Reserve (Fed) policy makers left the rates unchanged at 0.25% although announced that the economy is still expanding and they will consider tightening policy at their next meeting in December.

The key levels to watch are 1.1097 (Resistance), the 200-day moving average at 1.1079 (resistance), 1.0900 (support) and 1.0819 (Support).

"I trade to make money not to be right."
Tomas Rodriguez Doherty
Oct 29 2015 at 09:33
88 posts
The key 1.0970 support was finally taken out and the clear break led to a sharp drop to 1.0895/00, notes UOB Group.

'The bearish phase that started last Friday is still intact and the weak daily closing yesterday suggests further downward pressure in the coming days,' UOB projects.

'That said, the down-move is clearly oversold now especially on the shorter-term charts and we would suggest taking some profit near the next strong support at 1.0810/15,' UOB advises.

Oct 29 2015 at 11:14
675 posts
The single currency recorded a sharp decline at the end of the session on Wednesday. Trading started at 1.1045 and finished 119 pips lower after the Fed signaled an increase in key interest rates in December. If the downward trend continues, the euro will move to the first support at 1.0854.

kieran (snapdragon1970)
Oct 29 2015 at 13:15
1945 posts
Be careful guys around these support areas,policy makers won't be looking at any charts for support~resistance ,they will have a set target area,support areas mean very little around high news events.

Be lucky.

"They mistook leverage with genius".
Oct 29 2015 at 15:50
1117 posts
EUR/USD broke above the resistance at 1.0975 and it will probably reach the next resistance at 1.1015 quite soon.

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