Price retreated from key resistance level last week. This validates the current bearish trend we’re in. Nevertheless, price could spike to the final resistance level of the trend. This is very possible as FOMC is just a few days away. Therefore, look for the pair to spike for a short position following the bearish trend .
Time frame: Daily
Length of Trade: 2 days to 1 week
Entry: Between 0.99700 – .99800