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so today is the fomc meeting we have been waiting for and currently we are having some very important data that might indicate exactly towards what we can be expecting for todays price action and for the days to come because of this fomc meeting if we have a look into the probabilities right now we have an 87 almost an 88 chance that we will be getting a 25 basis point rate hike and if we have a look into the pass rate hikes you can also be seeing that in the past on February we have also seen this increase of 25 basis points so while this situation is a bit different for the market you could still be expecting some kind of similar price action and right there what we could be seeing is leading into our fomc meeting we could see this bullish price action just like we are currently seeing for the current price action at the time of the fomc meeting I mean you cannot yet see it right here but you can be seeing that yes we created a little bit of a way let me zoom in so it is very hard t