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