Wednesday EURUSD market Started from 1.29358.

Today market not moving more to up and down .It’s today going neutral still now its continue .

We expect after some hours it will go to positive or negative trend side.

It’s still now wait for Three important news announcement today surely.

So after this time market will go up or down trend.

Pivot Point Details:

(see figure)

This is the pivot point values for today’sEURUSD.Here Market started from open point-1.29358 and still now it’s not get any kind of trend change.

So after some hours it will touch pivot level-1.29839, support level S1-1.29542, support level S2-1.29542 if news announcement will react inmarket side means it can go to Resistance R1-1.30402 also.

(see figure)

CCI Values:

Today morning market opened time CCI values was in the position of -101.24and still now its waiting for news announcement.

So after news announcement we expect down trend may be its break the down trend and go to positive side .

News Details:

Our markets watch team has given the detail about Today’s news Analysis.

FXBase Market analysis team says,

”

At 17:30 USD High Impact news FOMC Statement

The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy. It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the outcome of future votes.

A more dovish than expected statement could be taken as negative for the USD, while a more hawkish than expected statement could be taken as positive for the USD.

At 17:30 USD High Impact news Interest Rate Decision

      Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive for the USD, while a lower than expected rate is negative for the USD.

At 19:15 USD High Impact news Fed Chairman Bernanke Speaks

          Federal Reserve Chairman Ben Bernanke (February 2006 – January 2014) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar’s value than any other person. Traders closely watch his speeches as they are often used to drop hints regarding future monetary policy.

His comments may determine a short-term positive or negative trend.

So the final report is after some hours it will touch pivot level- 1.29839, support level S1- 1.29542, support level S2- 1.28979 if news announcement will react in marketside means it can go to Resistance R1- 1.30402 also.

News events may change the forecast, Trade at your own risk. News.fxbase will not be responsible for any kind of loss in your trades.