Forex News Agency News

Powered by Utopia News Pro
Show All News
Daily Strategy - On focus FOMC Rate Decision tomorrow
Category: Forex Forecasts & Signals
Posted by on March 20, 2018 at 02:16 AM
EURUSD (1.2339)
Trend: Neutral
Support/Resistance: 1.2260 - 1.2415
The biggest event come not today but tomorrow on Wednesday but is widely dominate over the forex market. It is FOMC Rate Decision as is expecting Fed to hike Interest rates with 25 bps. It is expecting the key Interest rates to up to 1.75% from the current 1.50%.
For today is possible temporary recovery of the Dollar. The recovery may continue as the Interest rates in United States rises while ECB Interest rates are at 0.0% and may stay for longer time. trading strategy for today is to use the key support at 1.2260. Use this level as Stop and higher level to open long positions with a profit 25-35 pips today.

News generated by Utopia News Pro