Good morning traders.
I have a problem with my usual charting set up this morning for some reason so today’s diary will be brief.
1.13 seems to be providing support for the eurusd at the time which gives us a number of scenarios that could unfold. My broker chart below notes the levels I am watching.
The 1.1320 to 30 zone looks pivotal as I write and we could get a bounce from here to move up further for a test on 1.14 or we could come down further to retest the 1.13 level. The blue lines show how the price action may unfold.
For today we have the FOMC minutes later this evening which may limit any extended moves either way until after their release at 20.00 CET.
Apologies for the briefest of briefings this morning. Normal service to be resumed tomorrow – I hope :).
Have a good one.