EUR/USD
So, yesterday's Fed meeting satisfied the interest of conservative market participants - Jerome Powell said that it is premature to discuss changes in monetary policy while there is no inflation (?), The labor market is not saturated and the economy does not stand on a solid platform. This may mean the following - intentionally or unintentionally, the Fed will miss the acceleration of real, not fluctuating inflation, and then the rate will have to be raised at an accelerated pace, which will have a more painful effect on the markets than preparing for such events in advance.
The euro has been growing for almost a month without significant corrections. The closest target is the 76.4% Fibonacci level at 1.2000. Above it, in the 1.2252 area, is the upper border of the 12-year price channel. A deep correction, or a euro reversal, is also possible from one of these target levels.
The price turned upward from the red balance indicator line on the four-hour chart - the market did not move towards short positions. It is likely to continue rising.
