Ive strated calling the BUY @ 1.28837, and would get out now ( 1.2913), due to nature of the phase we are in, but I have a good line i trust on 1.2926, but would jump out on 1.2922, afraid dealers would turn it before then
Positioning ahead of FOMC started on Monday and indicates weaker dollar but I am not sure. Fed is very dovish already (and this is priced in), I doubt they will introduce more dovish measures today. So EUR/gold/GBP is likely to rise at least until US session and possibly until Fed, but this may be a bulls trap.
BOE meeting tomorrow, on the other hand, may be quite dovish. Don't think they will cut the rates just yet, but economy is in bad place, and they have to address it (or at least admit it).
Joined Apr 2020
Status: professional decoy
G/M, ...slow market so far...upside break of desc 4hr t/line .....rising wedge on 1hr...zone to y/day's hi the next upside obstacle then what remains of that prev 4hr sw lo zone to 2936 with 2 x fibs @ 2932. Weekly Pivot and Daily R1 above there. 2966-75 a 3 fib cluster. Only 36% of 30day adr travelled so far today.
Intraday scalper via 3 x triple t/f chart combo's analysis