sell EURUSD with bounce on resistance line/ahead of rate decisio
buy the rumour sell the news they say. well it seems the rumour is that the FOMC will issue a rate hike 2morro, which may be the reason behind this large move towards the usd late in the day. but price is back below resistance line and into a ranging zone, zooming down to lower part of the range as suggested by the stochastics. Price is also below the TEMA which has crossed the BB midline. I'm thinking to await a retest of the upper demand zone before extending downward. could make 50 pips if this pans out.