Preferred direction: BUY
Comment: The main event of the week will take place today, namely the Fed meeting and the decision on the interest rate. However, market participants will be most interested in the FOMC commentary and the press conference to find out the future prospects for US monetary policy.
Regarding the EURUSD currency pair, we completely follow for the scenarios that we gave at the beginning of the week. According to both scenarios (details of each can be found on the chart), we expect the start of recovery in the area of 1.08000 - 1.08500. It should be noted that this is a medium-term trading idea, according to which one can increase positions "step-by-step" with the target of growth at the levels of 1.09500 and 1.10000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: The main event of the week will take place today, namely the Fed meeting and the decision on the interest rate. However, market participants will be most interested in the FOMC commentary and the press conference to find out the future prospects for US monetary policy.
Regarding the EURUSD currency pair, we completely follow for the scenarios that we gave at the beginning of the week. According to both scenarios (details of each can be found on the chart), we expect the start of recovery in the area of 1.08000 - 1.08500. It should be noted that this is a medium-term trading idea, according to which one can increase positions "step-by-step" with the target of growth at the levels of 1.09500 and 1.10000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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