[EURUSD] POTENTIAL BULLISH "ABCD" IN DEVELOPMENT

The main trend remains bearish, but in the short period of expect a technical rebound. On H4 chart we published last week, our ideas about eurusd, and when we maintain our view (bullish). We can not forget the important event by FED, next Wednesday.

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Our Analysis & Setup:

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Pullback in play ?

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Hello Traders!!
If the trend is really strong bullish, we could not see a deep retracement ...

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CHANNEL MONITOR....
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The March FOMC meeting will be held for two consecutive days from today. The interest rate decision will be announced at 18:00 GMT on Wednesday 15th March.
7 out 10 FOMC members, including the Fed doves Yellen and Brainard, made some hawkish comments lately. The US labour market data in February released last Friday outperformed expectations. Per the CME’s FedWatch tool: the current probability of a rate hike in March has jumped to a peak above 90%.
We can expect that the Fed will announce two to three rate hikes this year. If the Fed does not adhere to raising rates they are highly likely to face a credibility issue.

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