EURUSD before FED
Today, we have news that will determine the next move on the dollar.
There is a higher probability for a strong USD but the market could also surprise us and that's why it will be probably best to trade after the news.
The main sell scenario would be to wait for price to reach the parity level and leave a rejection wick there.
However, if it reaches the parity level with a bullish impulse and it doesn't show rejection, we won't be looking to sell!
We may see tricky moves in both directions and that's why we need patience!
There is a higher probability for a strong USD but the market could also surprise us and that's why it will be probably best to trade after the news.
The main sell scenario would be to wait for price to reach the parity level and leave a rejection wick there.
However, if it reaches the parity level with a bullish impulse and it doesn't show rejection, we won't be looking to sell!
We may see tricky moves in both directions and that's why we need patience!
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