19.09.201709:22 Forex Analysis & Reviews: The market is waiting for movement on the Fed

Long-term review

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In the previous days, we see strong movements from the pairs: pound-dollar, dollar-yen, and euro-yen. The EUR/USD pair appeared to remain inactive and continues to consolidate. There are some areas that are expected to be influenced by the move of the Federal Reserve System (FRS) decision tomorrow, September 20, at 21:00. Followed by the press conference of the Fed Chair Yellen at 21:30. In addition, Trump's speech at the United Nations regarding the reform program of UN is expected on Tuesday. Most likely, this will not affect the markets, however, strong statements from the United States against on North Korea are not excluded. In North Korea, there is a probability of a reaction, for instance, about the new missile to be launch towards Japan and/ or Guam. In the morning, the EURUSD pair is in the range of the limits 1.1910 - 1.2000. We already have an attempt to break through 1.2000 up.

We buy from 1.2000 stop 1.1955, target 1.2100

Alternative: We sell at the breakdown to 1.1910 stop 1.1955.

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