#EURUSD @ 1.07614 bulls holding the fort in support territory after FOMC minutes.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
- EUR/USD bulls holding the fort in support territory after FOMC minutes.
- Fed minutes show officials split on support for more hikes.
EUR/USD is mixed on the Federal Open Market Committee minutes that show the board members agreed that inflation risks are still unacceptably high but officials also generally agreed that the extent of further hikes are less certain. EUR/USD was testing 1.0750 and the lows of the day on the knee-jerk but has since turned up into the 1.0760s in anew 15-min cnadle.
Overall, the Fed minutes show officials split on support for more hikes. As su8ch, the market is directionless.
EUR/USD is under pressure in the main but the FOMC minutes have not given the bears much in the way of any conviction and therefore, until the price can break 1.0720 convincingly, bulls could be encouraged. However, bulls will need to get above a slew of resistance and into the 1.08 areas, as per the 4-hour chart analysis:
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
