On this point, I think we'll see a lot of volatility mainly on forex !
Technically, I used Fibonacci retracement on EUR/USD, on the previous downtrend.
As you can see, the different key points are pretty accurate and the price evolution can be stopped on these (or push through...)
What I think :
Retracement rules tells us that 0.382 is a strong point and maybe the most important, in a corrective pattern, for the evolution of the price.
So if EUR/USD pulls back on 0.382, we can go back , first to 0.5 but we could go back to 0.886 which is the first main objectif in Fibonacci Retracements (and more if the trend is strong).
Tonight's FED speech will be really important mainly for the strenght of US Dollar. Federal funds rates, purchase operations and other economics plans will be the main subjects.
So let's see the evolution...
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.