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My Forex Investment - Week of Uncertainty

A new week is about to begin, ending this week with a Euro rebounded strongly, making up the price of the euro against the dollar in more than 300 pips in a couple of days.

With oil trying to lose $ 100 a gallon seems to be a stage of uncertainty ...

Fundamental Analysis Fundamental analysis

For most true is that apparently the Fed is not very interested in maintaining a very Dollar high relative to their peers. And his decision to intervene in the market may be through a new cut rates and for this scenario there is some space due to lower oil prices by more than 30% from its peak close to 1.4700 dollars a barrel.
the Fed's decision will be announced this Tuesday September 16th at 19:15 GMT. The market expects the rate to remain at 2%. Any change may indicate the direction of the Euro, either low (if the rate rises) or up (if the Fed lowers its rate).

Technical Analysis

The recovery of the Euro from 1.3871 to end the week on the 1.4200 and all this in two days indicates the presence of an upward trend of the Euro. Yet to be confirmed, as can be seen as a simple rebound.

If we see our chart, we see that the price of the Euro is approaching the main trend line downward. And when faced with it we can confirm a trend change if it passes or simply send Euro price back down.


while technical indicators are showing signs of turnaround, this is not confirmed because they have not overcome the slope. Opening room for doubt of what might come here. While technically
, technical indicators can give some signal, chart analysis indicates that "nothing has happened yet." Therefore it is advisable to wait what will happen to the price of the Euro as it touches the trendline.

As always, if it bounces it is advisable to go short, and if the wait exceeds the turnaround. Basically