The fall of the euro has stopped. The market is waiting for information from the speeches by Fed Chairman Powell in Congress – on Wednesday and Thursday at 14:00 Universal time, the Fed will issue a semi-annual monetary policy report.
In the main business media, the “end of incentives” is being discussed – the possibility of cheap money to stimulate growth is exhausted in developed countries. This, however, does not mean that the Fed will not lower the rate. However, according to the classical canons, the Fed should reserve the possibility of lowering the rate until the beginning of the present crisis and economic recession.
EURUSD: In terms of technical analysis, we can buy from 1.1325 and further in the case of growth from 1.1395.
We sell at the break down of 1.1180.
The material has been provided by InstaForex Company – www.instaforex.com