EUR/USD - use the FED Meeting as a buying opportunity
Updated
Dear traders and followers,
welcome to todays EUR/USD market update !
Market is in strong down movement since yesterdays ECB meeting. We just expected this because they announced no change in interest rates (not a big surprise) Next week Wednesday is the next FED meeting and we don’t think the Fed is going to raise interest rates yet. Inflation in the US has been higher than expected, which is why we expect interest rates to rise in Q3. That’s why the meeting on Wednesday offers a good opportunity to buy if market develop as drawn in the chart.
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welcome to todays EUR/USD market update !
Market is in strong down movement since yesterdays ECB meeting. We just expected this because they announced no change in interest rates (not a big surprise) Next week Wednesday is the next FED meeting and we don’t think the Fed is going to raise interest rates yet. Inflation in the US has been higher than expected, which is why we expect interest rates to rise in Q3. That’s why the meeting on Wednesday offers a good opportunity to buy if market develop as drawn in the chart.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/ don't miss new ideas
Thanks for your support !
Order cancelled
market doesn't reached the analysed buy area and the fed announced incoming change in interest rates
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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