Tuesday, March 13, 2012
Eur/Usd Technical Analysis ahead of the FED FOMC Statement!
I just checked out the 4 hour chart on my trusty Jforex platform and a very nice Pin-Bar has just closed on the Eur/Usd. The FED is due to make a statement in 2 hours and it looks like the Euro may be setting up a bullish reversal move. Sometimes this type of formation ahead of major news announcements may be a good tip as to which way the market is getting ready to move. Let's see how this one plays out. Enjoy!
