FX.co ★ EUR/USD

Good day to everyone! The EUR/USD currency pair shot up on the results of the Fed meeting. The rate remained unchanged, and the number of bankers who voted for a rate hike fell by 50% to 25%. Today the rise will continue, as the EUR is strengthening amid expectations of persistent inflation in the Eurozone. Such data will lead to a tightening of the ECB’s monetary policy by the end of the year. At the same time, the decline in consumer confidence in the US is weakening the position of the US dollar across the entire Forex market. My trading plan for today: I enter long positions (Buy / Long) on pullbacks from support or on an impulsive breakout of resistance. Buying zone - support: 1.1435 – 1.1450 Primary take-profit target: 1.1490 – 1.1510 Stop-Loss: Break and move of the price below 1.1405 My intraday forecast: consolidation above and a test of the 1.1540 – 1.1560 zone