Markets Hold their Breath & Brace Themselves for Rate Decision

EUR/USD

4 hour

The EUR/USD price movement will be heavily impacted by the FOMC news event and the U.S. interest rate decision.

1 hour

Depending on the news event, the EUR/USD will either correct higher to complete wave C (blue) or move lower and start a new impulsive wave (wave Y is then completed at recent top).

GBP/USD

4 hour

The GBP/USD price movement will be heavily impacted by the FOMC news event and the U.S. interest rate decision.

1 hour

Depending on the news event, price will move up to continue with wave C (orange) or move down in a new impulse.

USD/JPY

4 hour

The USD/JPY price movement will be heavily impacted by the FOMC news event and the U.S. interest rate decision.

1 hour

Depending on the news event, price will move up to continue with wave C (blue) or move down in a new impulse.

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

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