
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
2019-11-11 • Updated
EUR/USD gained momentum during Wednesday’s session, following the Federal Reserve’s decision to hike rates for third time in 2017. That helped to the pair to test an offer area between the 50% and 65% Fibonacci zone. That’s why we’re expecting a decline to take place at the current stage in order to reach the next target to the upside in the -23.6% level at 1.1664.
RSI indicator remains in favor of the positive territory.
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
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