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FXTurkey
Aug 1, 2019 11:22 AM

EURUSD after Powell and FED 

Euro Fx/U.S. DollarFXCM

Description

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.

Thank you for supporting our team with your likes.

Good luck.
Comments
UGTraders
Simply, you posted the best analysis on EUR/USD!!!!
FXTurkey
@UGTraders, we're glad you liked it.
Wolf_of_Trading
eurusd have to break this green zone for going higher , thanks for publishing , good days

FXTurkey
@win_win_trade, we would like to see 1.11 level to be tested. Any action before the test will be premature in our opinion.
UnknownUnicorn4203295
how is it?

FXTurkey
@ErfanFalah, cool
VickzinBK
He said she said it doesn't matter, actions speak louder than words. By lowering the federal fund rate Powel has made a critical decision to lower dollars value and people hope on a growing economy. His actions have led to million position being liquidated immidietly and probably millions more after bubbles will arise from his mistake to bring cheap money into a rising bull market. Unfortunitely as history shows people will just misuse that money and it wont be any insurance. Most likely it will be a double edge sword and we will see what is going to be again the biggest recession in Americas life time. Also for the note, forget about Trump that man has no power or say in Market actions the bigger guys are all behind the curtains. Only thing Trump insures is low tax rates thats about it.
zaferkilic52
Thanks.
Derivati_Capital
Watch out for a dove move in the coming weeks, Trump trying to squeeze the FED into capitulation.
CryptoBullet
Great work!
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