Preview Mode

FM Home
> Retail FX
> Analysis
> FOMC Statement - Follow Up
Understanding the Importance of Open Banking for Fintechs

FOMC Statement - Follow Up

by FMAdmin Someone
    FOMC Statement - Follow Up
    Join our Telegram channel

    We re-iterate our comments from last night.

    The Fed did comment that they forsee rates staying low for quite some time. That statement was enough for us to buy USD by shorting EUR/USD. Our next target level is 1.3680. See below graph of daily price action for EUR/USD overlaid with Fibonacci lines.

    eurusd-daily-w-fibs-june-24

    We re-iterate our comments from last night.

    The Fed did comment that they forsee rates staying low for quite some time. That statement was enough for us to buy USD by shorting EUR/USD. Our next target level is 1.3680. See below graph of daily price action for EUR/USD overlaid with Fibonacci lines.

    eurusd-daily-w-fibs-june-24
    Topics
    traders
    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}