RETREAT by EURO-DOLLAR possible
As two critical meetings of the Fed and ECB approach in the next couple of days, it'd be possible to see euro-dollar moving down from resistance and possibly test areas below $1.07. With markets seemingly entering summer mode, technical movements are likely to dominate until there are clear new fundamental narratives. The Fed meets on Wednesday night with no change likely while the ECB will be on Thursday afternoon GMT and seems nearly certain to call for a single hike. This is quite a risky idea with relatively limited potential reward. Most of the time, it'd be preferred to wait until markets' reaction to the Fed and ECB is clear before attempting to find a position unless only holding for a minimal amount of time. Remember to do your own research and manage risk; Exness' market outlook is not a signal or a guarantee of success.
Read EXNESS Broker Review June 15, 2023 at 06:56PM Exness
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