EURUSD: under pressure against the background of an increasing US Federal Reserve key interest rate by 25 bps
Sell on a level breakthrough of 1.0830 with 1.0740 target. Stop loss = 1.0880.
Reason for the trading strategy
Yesterday, the US Federal Reserve raised its key interest rate by 25 bps - from 0-0.25% to 0.25-0.5%, just like it was expected by most market participants. The US regulator considers it possible to increase it up to 1.25-1.5% in 2016, which implies an increase in its quarterly increase to 25 bps next year. J. Yellen reiterated that the US Federal Reserve's monetary policy is super soft, but the pace of tightening of interest rate policy in the US will depend on the incoming macroeconomic data.
Sell on a level breakthrough of 1.0830 with 1.0740 target. Stop loss = 1.0880.
Reason for the trading strategy
Yesterday, the US Federal Reserve raised its key interest rate by 25 bps - from 0-0.25% to 0.25-0.5%, just like it was expected by most market participants. The US regulator considers it possible to increase it up to 1.25-1.5% in 2016, which implies an increase in its quarterly increase to 25 bps next year. J. Yellen reiterated that the US Federal Reserve's monetary policy is super soft, but the pace of tightening of interest rate policy in the US will depend on the incoming macroeconomic data.
EURUSD: under pressure against the background of an increasing US Federal Reserve
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