The Currency Pairs to Watch Prior to FOMC Minutes and Jackson Hole
The Currency Pairs to Watch Prior to FOMC Minutes and Jackson Hole. EUR/USD – Consolidation About to End Soon? Although EUR/USD moved a bit higher yesterday, the overall short term situation hasn’t changed much. (…) The exchange rate is still trading inside the blue consolidation between the green support zone and the orange resistance area reinforced by the 50% Fibonacci retracement. As long as there is no breakout above these nearest resistances, another bigger move is questionable. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported.