EURUSD Short outlook after the bearish momentum of FOMC.

As you can see, since the 20th of September, the market has been ranging and generating liquidity for the FOMC to go smoothly and trap all sellers and buyers.

We can right now see that the momentum is to the downside. I have annotated with a W1H what I think to be the potential Weekly high, so we can be expecting new Lower Lows from now on.

The potential level to be reached is the W1/D1 low that I have been calling for a few weeks already during the Weekly outlook and setups.

As for today, we can potentially have a bullish move during London and then a sell off during NY. I will share some entry zones as well now.

Here is how I imagine the 15M to develop:

Let me know what you think!

Kommentera:

Absolutely funny price action! I missed some longs towards the area, then attempted a short and got stopped. It was a bit too early to engage.

It's been a tough week and in an overall loss so far. Tomorrow will give it a go in London!