As we close the Month, of March, we will have to see EUR/USD Bears Trying to mitigate the 1.05000 zone as the Fed is in no rush to cut interest rates soon. The major currency pair thus faces selling pressure as the US Dollar (USD) strengthens after the Federal Reserve (Fed) expressed in the policy meeting on Wednesday that interest rate cuts are not on the table in the current scenario. European Central Bank President Christine Lagarde has also warned about downside economic risks from the Trump-led trade war and dialled back fears of persistently higher Eurozone inflation,
The next analysis is as follows I will be looking to sell @1.08015 after the break of the ice
1st Tp @1.05323 handle Good luck to all who will trade this trade with me
The next analysis is as follows I will be looking to sell @1.08015 after the break of the ice
1st Tp @1.05323 handle Good luck to all who will trade this trade with me
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.