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InstaForex | Forex Forum | Forex world | InstaForex Forum _ Traders' discussions _ Daily Strategy - EURUSD after Fed decision and new directions

Posted by: Mar 26 2018, 06:47 AM

EURUSD (1.2371)
Trend: Neutral
Support/Resistance: 1.2240 - 1.2415
The major news from the last week will continue to influence over the forex trading. The Federal Reserve changes the key interest rates with 25 bps up to 1.75% and the big difference with the Euro Zone will stop the fall of the Dollar fast. trading strategy for today is to trade into neutral direction during the European session and open long position during the U.S. session. We will try to open long position if EURUSD fall to level of 1.2335-40 and then with target of 35-40 pips.

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