|It is started a very dynamic week for the forex market according to World-Signals.com. Undoubtedly the main focus this week is on Wednesday Fed interest rates decision. It is widely expecting Fed to hike the interest rates with 25 bps to 1.00% but the signals after that may push the market into new trend. Currently the EURUSD consolidate at levels of 1.06.
Almost all economic news from United States in the last couple of months is positive but that do not allow the dollar to gain.
On the other side of the Atlantic in the second economic in Euro Zone France is close to very important elections that may change anything. The France elections are on April 23rd and probably second tour one week later.
For EURUSD the first support is formed at 1.0495 while we see resistance at 1.0715 and 1.0830.
World-Signals.com trading strategy this week is trading within the support/resistance levels as the effect of Fed interest rates hike is already generated by the market.