Asian markets moved higher ahead of the much-anticipated outcome of a U.S. Federal Reserve policy meeting. Expectations are that the Federal Open Market Committee will be measured with any cuts to its $85 billion in monthly asset buying. FOMC statement, press conference and U.S building permits are the major news for today.
Trade Idea
EURGBP
The trend remains down for the pair. A 4H break and close below 0.8350 targets 0.8295 alternative immediate resistance is seen around 0.8410 and a clear break that level targets 0.8455.
.png.aspx)
Disclaimer • Risk Warning
This document should not be relied upon as being an impartial or objective assessment of the subject matter and is not deemed to be “investment research” as defined by the applicable law. This document has been issued by TFI FX only for information purposes and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action.
Trade Idea
EURGBP
The trend remains down for the pair. A 4H break and close below 0.8350 targets 0.8295 alternative immediate resistance is seen around 0.8410 and a clear break that level targets 0.8455.
Disclaimer • Risk Warning
This document should not be relied upon as being an impartial or objective assessment of the subject matter and is not deemed to be “investment research” as defined by the applicable law. This document has been issued by TFI FX only for information purposes and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action.