EXNESS - Analytics

    EXNESS

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    EURUSD: growth after the US Federal Reserve meeting

    Buy on a level breakthrough of 1.1302 with 1.1352 target. Stop loss = 1.1252. 

    Reason for the trading strategy

    Yesterday, the US Federal Reserve kept its key interest rate in the range of 0.25% -0.5%, having noted that it would increase gradually, depending on the US macroeconomic data. The US Federal Reserve's indecision is simple to explain - by the weakness of the US labor market and the industrial sector, the uncertainty about the outcome of the UK referendum (as Janet Yellen stated). The US regulator still predicts an increase in the base interest rate to a maximum of 0.75% -1% by the end of 2016. Despite some softness of the US Federal Reserve, it does not give up on the monetary policy normalization process. In the short term, the EURUSD pair may enter the range of 1.1302-1.1352. 

     

    EURUSD, H1

     


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