FxWirePro
Long

EUR/USD trades slightly after Fed rate hike, good to buy at dips

FX:EURUSD   Euro Fx/U.S. Dollar
1495 6 5
EUR/USD             has declined till 1.08879 after Fed hikes interest rate by 25bpbs. But the pair has recovered after Fed said monetary policy stance is accommodative (rates to be hiked at very slow pace)

The pair is expected to gradually increase till 1.1000/1.10600 ins short term. Minor support is around 1.0880 and weakness can be seen below that level.

Any break below 1.0880 will drag the pair till 1.0830/1.0780.

On the higher side resistance is around 1.0970 and any indicative break above will take the pair till 1.100/1.10600/1.1100.

Overall bearish invalidation only above 1.1100.

It is good to buy at dips around 1.0903-35 with SL around 1.0870 for the TP of 1.106/1.1100
RobertPapon
a year ago
TP 1,1140 :)
Reply
jukilo2000
a year ago
Sorry but the news of the Fed should be positive for the dollar ... you will appreciate these days?
Reply
RobertPapon jukilo2000
a year ago
Investors expected an increase of 0.5% but the Fed said that the next will be gradually and it weakens the dollar.
Reply
FxWirePro RobertPapon
a year ago
@Robertpapon yes u are right
Reply
RobertPapon
a year ago
@ Jukillo200 Please check out my analysis of the week, everything I said.
Analysis and Forecast EUR / USD - Weekly overview (14.12-18.12)
Reply
RobertPapon RobertPapon
a year ago
The outlook for EUR / USD:
Last week there was the establishment of a double peak at 1,1030-41, which from a technical point of view should support the supply side. In the first part of the week (the Fed), the eurodollar rate should head south toward support at 1.0930 and 1.09. If you happen to break the 1.09 level of supply will head towards support levels at levels 1,0795-1,0810.

On Wednesday, investors will focus on the communication of the Fed meeting, which does not necessarily imply the fast pace of monetary policy tightening in 2016, which could disappoint markets. The Fed certainly will take into account external stimuli and the possible consequences, which may suggest that further rate hikes will be flat and elongated over time. Therefore, we may be witnessing strong growth. in the direction of the last maxima at 1,1030-41. Further demand could lead to wywindowania course around the resistance level of 1.1140 (peak of 23 October).
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out