Event Trigger: 2:00 PM FMOC FED Minutes Released
Potential Play: Short-Term Rebound of EUR Against the USD Following FMOC Minutes Release
Time of event: 2:00 PM EST
Trade Time: Immediately Following FMOC Minutes Release
Trade Specifics: Buy EUR/USD Forex Binary Options Contract With 3:00 PM Expiry
Conditions: Only If Price At 2:05 > Price At 2:00
Analysis: Current weakness in US markets strongly suggests that the FMOC will use language reiterating their commitment to "do more" if weakness persists. Doing "more" is simply hinting at monetary easing which should put short-term downward pressure on the USD versus the EUR. In addition the sharp sell-off in the EUR/USD over the last few weeks begs for a relief rebound at this point and shorter term charts are suggesting that this time very well may have come. Watch the charts, listen to the charts. Trade Smart.
Trading Forex binary options involves significant risk. The above trade idea is for informational purposes only and should not be the sole basis for an investment or speculative play. We will not be held responsible for any damage caused by basing your trades solely on the information found here.
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