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103
by u/range_rider_yuki·12dIdea

Shorting $EURUSD into FOMC tomorrow

$EURUSDSHORTopen
Entry
1.086
Stop
1.091
Target
1.078

Seeing some serious resistance around 1.0900. With Powell's hawkish stance expected tomorrow, I think we could see a decent pullback. Looking for a break below 1.0850 confirmation. CPI data was hotter than expected, giving the Fed more room to be aggressive.

3 comments · 103 points

3 Comments

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u/smoke_tester·10d

Agree, 1.0900 looks like a brick wall. Might scale in a small position now.

34
u/marcus_fx·9d

Not sure, the market might have already priced in a hawkish Fed. Could be a 'buy the rumor, sell the fact' scenario.

25
u/swing_samir·9d

Good call, the dollar index is looking strong. Keeping an eye on the 1.0820 support though.

11

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