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Forex Signal For EUR/USD: Fed's Powell Confirms the Obvious

Forex Signal For EUR/USD: Fed's Powell Confirms the Obvious Forex Signal For EUR/USD: Fed's Powell Confirms the Obvious

Forex Signal For EUR/USD: Fed's Powell Confirms the Obvious
Yazar: Ross Sutton

Yayınlanma: 1 Aralık 2022 19:24

Güncellenme: 13 Nisan 2024 16:06

Forex Signal For EUR/USD: Fed's Powell Confirms the Obvious

    Forex Signal For EUR/USD: Fed's Powell Confirms the Obvious   Following Jerome Powell's announcement, the EUR/USD price moved sideways as it was in line with what most analysts had expected.  

Bear Market Outlook

 
  • Sell ​​EUR/USD and take profit at 1,0215.
  • Add a stop loss at 1,0400.
  • Timetable: 1-2 days.
 

Forex Signal For EUR/USD: Fed's Powell Confirms the Obvious

 

Bull Market Outlook

 
  • Set buy stop at 1,0415 and take profit at 1,0500.
  • Add a stop-loss at 1,0275.
  EUR/USD was trading at 1,0350 on Wednesday evening, just below the November high of 1,0500 as the Federal Reserve Chairman hinted at a possible reversal in the upcoming meetings. Altogether, the pair posted its second consecutive monthly gain and its best performance since July 2020.   eurud_01122022_cryspus  

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