EUR/USD Price Action Remains Choppy Ahead of FOMC

3 min read

EUR/USD

4 hour

17-06-2015eu4
Today’s price action could be centered on the FOMC statement. A bearish break would require a change in the wave count.

1 hour

17-06-2015eu1
The EUR/USD is very choppy (WXY patterns) and remains stuck in the wedge between support (green) and resistance (red).

GBP/USD

4 hour

17-06-2015gu4
The GBP/USD closed with another bullish day yesterday after retesting the support trend line (blue) during the GBP news event. Today’s price action could be centered on the FOMC statement.

1 hour

17-06-2015gu1
The GBP/USD remains firmly set in the uptrend channel but so far has not able to break above the resistance trend line (orange).

USD/JPY

4 hour

17-06-2015uj4
The USD/JPY is going sideways in a narrow channel. Today’s price action could be centered on the FOMC statement.

1 hour

17-06-2015uj1
The USD/JPY remains corrective and is showing multiple WXY patterns.

Twitter: @elitecurrensea

Please note that the update is posted with permission from Admiral Markets
read the original article on AdmiralMarkets.com

Thank you