EUR/USD - use the FED Meeting as a buying opportunity

FX:EURUSD   Euro / U.S. Dollar
Dear traders and followers,

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. Inflation 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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Order cancelled:
market doesn't reached the analysed buy area and the fed announced incoming change in interest rates

The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.