The market has a busy day today, with key economic data coming out and a FOMC decision.
8:30am Advance Q1 Annualized GDP q/q (last -6.3%), Q1 GDP Price Index (last 0.5%), Q1 Personal Consumption (last -4.3%), Q1 Core PCE q/q (last 0.9%)
10:30am DoE Crude Oil/Gasoline/Distillate Inventories
1:00pm Treasury's 7-yr note auction
2:00pm FOMC rate decision
Pre-Market Notes:
/DX down again today
EUR/USD broke out of it's descending triangle
Levels to Watch:
860 to 870 on the hourly 865 has been resistance as well as 870.
865 on the daily could break the bull flag pattern and possible send the market up to 885(Chart below shows flag)
850-840 60 min channel support for bulls
847-844 on the daily is channel support as well
854 60 Min 50 EMA
854 Weekly 20 EMA
