welcome to todays EUR/USD market update !
Market is in strong down movement since yesterdays ECB meeting. We just expected this because they announced no change in interest rates (not a big surprise) Next week Wednesday is the next FED meeting and we don’t think the Fed is going to raise interest rates yet. in the US has been higher than expected, which is why we expect interest rates to rise in Q3. That’s why the meeting on Wednesday offers a good opportunity to buy if market develop as drawn in the chart.
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