Are you searching for trade opportunities for December 6-10? Here you go!
EUR/USD: Dovish Policy Expected
2021-07-28 • Updated
What will happen?
FOMC statement will be announced at 21:00 MT (GMT+3) on Wednesday, July 27. In the previous article, we have already mentioned the importance of this event.
Let's look at the charts and decide what will be the best option to choose.
On the daily chart EUR/USD has formed a “falling wedge”. Moreover, the price broke through the top line of the figure and tested it from the above. Last weekend Bitcoin also broke its rising wedge and gained 15% after shortly. This setup gives us confidence in long trade with the target of $1.193.
Bitcoin daily chart
Both omicron and Powell’s comments increased volatility in EUR/USD. What to expect further?
USD/TRY belongs to the exotic group of Forex currency pairs, that’s why traders don’t trade it regularly. However, these days this pair is in the focus of all the trading community!
The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise you and plunge greatly in a short period.
Breaking news: coronavirus won't be the number one enemy of the global economy in 2022…
For a long time, US Federal Reserve printed trillions of dollars to support the economy. But in the light of the highest inflation in almost 40 years, the stream of stimulus tends to shrink.