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A Look At The Majors Before FOMC 

Last Updated: July 25, 2019

By Rayner Teo

We have FOMC statement coming out later which could either continue the Dollar uptrend or potentially reverse from here.

I do not know how FOMC will impact the market, but I will stick with the trend till it ends.

So here’s some key levels of the majors that I’m looking at.

uj

nu

gu

eu

cad

au

Among the majors, I would favor a short on EURUSD and long USDJPY as it’s relatively weaker compared to the rest.

Good Trading!

  • Great chart analysis only 1 line can tell almost everything in the chart.really like the chart it is totally clean and self explanatory.

    Thanks for the heads up I was also wanted to go short on EU and NU but missed it, manged to get short entry on AU and closed with 100 pips.

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