If you have active positions, close them!
If you don’t have one, don’t open it! This applies to anyone who does not want to take the risk of being active during the news. The Fed’s decision on the interest rate will be announced today, and it is expected to give direction to the USD before the November elections.
We expect this to cause serious movements, so if you are not convinced of the trade you have, you better wait. What will be the direction? – Probably only Jerome Powell has a clear answer to this question 🙂 What we want to see is where the movement will go and in which direction it will break. Be especially careful here for fake movements!
Then we will get involved in trades. Still, our main scenario today is to see a decline and pressure to 1.1709 Good luck and don’t forget to like and comment!