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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13759.90 with take profit at 13820.14.
Bearish Preference:
Sell position is envisaged if price trades below 13605.95 with take profit at 13539.02.
Fundamentals:
7:00pm USD FOMC Economic Projections7:30pm
7:30pm USD FOMC Press Conference
Comment:
Investors are expecting the U.S. central bank to raise interest rates for the first time in three years by at least 25 basis points amid surging prices. Traders will also be closely watching the Fed for details on how it plans to end its bond-buying program.
Analysis: SCRUM Team
