⚡️Strifor || EURUSD-Fed Meeting

Preferred direction: SELL
Comment: As before, despite everything, we continue to adhere to sales in euros. The main target for the fall is the level of 1.07000, which is also relevant before the upcoming Fed meeting. Of course, more attention will be focused on the press-conference and what mood the regulator will show. If the scenario with the ECB repeats, where it indicated a likely rate cut, then of course this will not benefit the American currency. In this case, the instrument will most likely recover to the level of 1.09000 and even try to update local highs near this level. However, if the rhetoric is more hawkish, then of course this will allow the US dollar to remove all leverage and go to 1.07000 and possibly even lower. Here it should be noted that technically and in terms of volumes, everything is on the side of the dollar.


Before the Fed meeting and, in fact, a busy day, since we are expecting the release of inflation in Germany and preliminary data on non-farm, we highlight two scenarios for selling the euro, since this is the main direction now.


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