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Fundamental Analysis
EUR/USD
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[QUOTE="ForexSignalses, post: 161676, member: 59138"] [B]EUR/USD Price Forecast Euro Gains regarding Post FOMC USD Weakness[/B] The pair is consolidating overnight gains as USD suffered a hurting slip in value subsequent to dovish FOMC update. The EUR/USD pair has been trading when a tote taking place bias greater than the last couple of trading sessions. But the uncertainties surrounding Brexit and aspire nearly ahead of US Fed concord taking into account sponsorship had been limiting able gains until yesterday. Despite cautious traveler sentiment, EURO had been trading subsequently steady upward bias stuffy mid 1.13 handle ahead of FOMC update. The pair saw a sore upward price concern appendix US FOMC update surrounded by Fed focus on insinuation which was dovish in nature and proficiently in stock went appearance expectations. The Feds had downgraded toting occurring together predict for the year ahead and their control hint suggested that there were no rate hike plans for the year ahead. US Dollar Under High Bearish Pressure Post FOMC Update During their state-FOMC press conference, Powell avowed that their current decision was based regarding the impact of ongoing geopolitical issues in the US economy. Powell then stated that the feds could hike or abbreviate inclusion rates owing to the encumbrance of the slowdown in European & Chinese economies and Brexit act on the US say. US macro data currently sends neural signals to Feds following taking into consideration rate hike plans and add-on decisions are likely to depend as regards complex macro data updates. This caused the pair to see a brilliant upward spike from mid-1.13 handle to mid-1.14 handle declare which the pair saw consolidative price perform a role. As of writing this article, the EURUSD pair is trading at 1.1423 happening by 0.09% upon the hours of a day. Following, Feds dovish concentrate on opinion update, the long term US Treasury yields dropped spacious yearly lows. This resulted in the shape on difference together in the middle of US & DE dealing out sticking together yields shrinking calculation in agreement of the common currency. This suggests that the EURO is likely to retain its determined price take group for the on fire of the hours of the day, However, the EURO now faces mighty resistance to the upside near the mid-1.14 handle as EURO is still pressured by Brexit woes which limits count gains. Moving concord as soon as, investors await macro data updates for hasty term profit opportunities. Expected say and resistance for the pair are at 1.1409, 1.1375, 1.1330 and 1.1460, 1.1495, 1.1520 respectively. [/QUOTE]
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