
The stock market has reversed, and now it’s going lower and lower…
2021-07-22 • Updated
What will happen?
The European Central Bank will present the monetary policy statement on June 22. It is the primary tool the ECB uses to communicate with investors about its monetary policy. It contains the outcome of the bank’s decision on interest rates and commentary about the economic conditions that influenced it. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions. The ECB usually changes the statement slightly at each release. These changes affect the strength of the European currency.
Technical analyses
4H Chart
EUR/USD has formed the descending channel with divergences on RSI and MACD oscillators. This fact gives us the signal that correction is about to happen. If the ECB is less dovish than expected, EUR/USD will break the upper line of the channel and head towards the 100-period moving average, which is approximately 1.183. The next target, in this case, will be 1.188.
On the flip side, the downtrend will continue if traders get another confirmation that the ECB will do more monetary stimulus than the Fed. The price might drop to the support line at 1.175 and even lower at the bottom line of the channel at approximately 1.173.
The stock market has reversed, and now it’s going lower and lower…
Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?
There is a period every stock trader loves the most due to significant movements, increased volatility, and, possibly, big gains. Open your trading apps and be ready to act! Earnings season comes four times a year and we crave to share our expectations with you.
What happened? US stocks ended sharply higher on Thursday, May 27, after a 7-week losing streak…
Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3).
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.