There will be high impact German Prelim GDP news later at 6:00am GMT. Do trade with caution during the period. Let's see where the EURUSD is trading now.

The bulls manage to hold on it's steam despite the ferocious attempt by the bears to push the price down during yesterday's FOMC statement and Federal Funds rate at 6:15pm GMT as can be seen on the chart by the long bearish candle on M15.

Price is now hovering at 50% Fibo on the H4 chart and 200EMA on H1 chart. Though the bulls have the upper hand for now, but see how much obstacles there are in front for the bulls to push through, H1 50% and 61.8% Fibo and 38.2% Fibo on H4. We shall see how the bulls perform today.

- http://eurusdtrader.blogspot.com/ -
Trade what you see, Not what you think