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Daily Strategy - EURUSD after Fed decision and new directions

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  • Daily Strategy - EURUSD after Fed decision and new directions

    EURUSD (1.2371)
    Trend: Neutral
    Support/Resistance: 1.2240 - 1.2415
    The major news from the last week will continue to influence over the forex trading. The Federal Reserve changes the key interest rates with 25 bps up to 1.75% and the big difference with the Euro Zone will stop the fall of the Dollar fast. trading strategy for today is to trade into neutral direction during the European session and open long position during the U.S. session. We will try to open long position if EURUSD fall to level of 1.2335-40 and then with target of 35-40 pips. - Forex, Stock, Energy and Metal signals to the world

  • #2
    I am proud of you who always educate members in this forum. Thank you friend


    • #3
      This is not quite educational but is very informative. However, I think that even if you are not fundamental trader, knowing what is going on in fundamentals of trading pair is very important for every trader. Macro indicators can impact significantly and very swiftly Forex market


      • #4
        Regarding EUR/USD the pair is currently quite bullish and I think it may reach 1.1345 again.


        • #5
          I think EUR/USD will continue moving south towards 1.1200 next week.


          • #6
            EUR/USD’s sharp fall last week argues that corrective recovery from 1.1107 has completed way earlier than expected at 1.1412. Initial bias stays on the downside this week for 1.1181 support. Firm break will confirm this case and target retest of 1.1107 low. On the upside, above 1.1287 minor resistance will turn intraday bias back to the upside for 1.1412 instead.

            from actionforex


            • #7
              True. I find that during last couple of months it is not very easy to defined which is actual direction of currency pair. Market seems a little bit confused as there are political issues on the both sides. If you turn your view on Gold, you might get better overview