Right now it is trading at 1.17677 on September 16 @ 08:30 PM IST.
As the Chart is showing, it is in huge support, and we can see a bounce back from here.
The Fed will release its rate on September 22 and traders may look for clues as to when the Fed will reduce their massive asset purchasing program.
As the story goes, EUR/USD has come very below from its highs.
Take Stop loss of 1.16800 and target of 1.18300, that’s my trade though, as always go by your analysis, not mine. That is because you are controlling your money, not me.
As Elections are also looming high in Japan, it will be fun to take a bet on USD/JPY.
Focussing on EUR/USD, the technical is saying that there will be a bounce back. But you know it’s a forex, and they can go anywhere.
People say Crypto is unpredictable, but I say Forex is unpredictable because they sometimes react opposite of what we have expected, even after the results.
That’s it from me, always do your analysis, and don’t forget to sign up for my newsletter, which will be active after November 1, 2021. See pinned story.
