FXTurkey

EURUSD after Powell and FED

FX:EURUSD   Euro / U.S. Dollar
The Fed's rate cut met expectations, but Powell's speeches were more valuable.

He said that this rate cut should not be seen as the beginning of a series of cuts

The market had already priced the rate cut and demand for the dollar increased when the FED concluded that they are not willing for further discounts.

Unless there is a new move from Trump, the dollar and the index will gain value day by day.

During the first pullback, a counter trade can be planned, and when the correction completes, shorts can be found at the 1.11 level.

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