Trading Outlook – EUR/USD

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Originally updated: 06:55

Status: Pending

Trading period: SHORT

Currency pair: EUR/USD

Sentiment: Bearish

Market Focus: In today’s trade set up we will be focussing on selling opportunities on the EUR/USD.

Fundamentals: The Fed came across more hawkish than investors had thought as the FOMC Statement was released yesterday showing the US is the only developed nation central bank that is considering raising rates this year. The Fed had a positive view of the economy as a whole saying oil prices would have a positive impact on households however they would take into account international developments as an uncertain global outlook remains.

Technicals: I am looking for selling opportunities on any decent rallies today, with a decent resistance area eyed out at 1.1342.

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Source:: Trading Outlook – EUR/USD

About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]
  1. chandran Reply

    Its great knowledge

  2. admin Reply

    Thanks Chandran, Jarratt definitely knows his stuff! Thanks for the comment and glad you are liking the content

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