Forex Strategy: Holding Short EUR/USD Into FOMC Rate Decision

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.10100.00

My short EURUSD entry order at 1.2978 has been triggered and I will carry the trade into today's FOMC rate decision, seeing the possibility that Ben Bernanke and company will disappoint dovish expectations. I am initially targeting 1.2830, with a stop-loss set to trigger on a daily close above 1.3126.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.37210.000.00%
    USDSGD=X
    1.51070.000.00%
    EURSGD=X
    2.14350.000.00%
    GBPSGD=X
    90.31410.000.00%
    SGDJPY=X
    5.6483-0.0021-0.04%
    SGDHKD=X
    2.78610.000.00%
    SGDMYR=X
    9,846.24510.000.00%
    SGDIDR=X
    4.5255+0.0016+0.04%
    SGDCNY=X
    1.00250.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,095.00+6.30+0.58%
    GCZ15.CMX
    14.76+0.06+0.44%
    SIU15.CMX
    47.57+0.92+1.98%
    ^XAU
    2.35-0.02-1.03%
    HGU15.CMX
    46.82-1.70-3.50%
    CLU15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.55-0.07
    ^FVX
    2.20-0.06
    ^TNX
    2.93-0.03
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.455-0.065-12.50%
    N21.SI
    2.30-0.20-8.00%
    MC0.SI
    0.315-0.005-1.56%
    E5H.SI
    0.315+0.005+1.61%
    5WA.SI
    0.134-0.005-3.60%
    5DN.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.148+0.020+15.62%
    T77.SI
    0.18+0.02+12.50%
    AVX.SI
    0.365+0.035+10.61%
    5DS.SI
    0.194+0.015+8.38%
    Y08.SI
    0.37+0.03+7.25%
    P9D.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.20-0.08-27.27%
    5UO.SI
    0.325-0.065-16.67%
    5I3.SI
    0.205-0.040-16.33%
    5GD.SI
    0.17-0.03-15.00%
    D79.SI
    0.315-0.055-14.86%
    Y35.SI