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DDMARKETS

EURUSD Trading Strategy for the Fed Monetary Policy Jan 2020

Long
Euro / U.S. Dollar (FX:EURUSD)  
DDMARKETS Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD fed federalreserve euro eurodollarlong forexsignals forexsignalservice eurusdsignal forexsignalsforexsignals
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trendanalysis chartpattern indicator eurusd fed federalreserve euro eurodollarlong forexsignals forexsignalservice eurusdsignal forexsignalsforexsignals
EURUSD setup is fairly simple. There may be early indications for USD weakness prior to the Fed monetary policy. Based on the daily chart the price is expected to target 1.1044. The lower support may be re-tested (around 1.0980) when the monetary policy is released but is expected to hold.

The analysis is intentionally kept short and simple.
Comment:
EURUSD is fairly close to acquiring its target.
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