EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation before the US Federal Reserve meeting

    Sell on a level breakthrough of 1.1071 with 1.0965 target. Stop loss = 1.1121.

    Reason for the trading strategy

    Today the American regulator is likely to revise the trajectory of the US interest rates increase form a steeply rising one to one with a smaller slope because of preservation of low inflationary pressure in the US and concerns over the global economic growth. If the Head of the US Federal Reserve notes in his accompanying statement that the economic situation in the US will remain stable, it will give a reason to play on the rising cost of risky assets. The euro, acting as funding currency, will come under pressure.

    EURUSD, H1


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