FREE RAPID SIGNAL SELL NOW EUR/USD The euro saw a stron | Focal Community Group (FXSignals)
FREE RAPID SIGNAL SELL NOW EUR/USD
The euro saw a strong performance today, also supported by the very positive performance of the European markets, which are considered very cyclical and dependent on the well-being of the global economy. Our DAX LONG position hit the TP extremely deep in profit. The euro also benefited from slight weakness in the USD and expectations that the Fed may be not as clear on its rate hikes (in the later today revealed FOMC meeting minutes from the December meeting). While more uncertainty surrounding Omicron existing in December, I still believe that the Fed will have mentioned the strong state of the US economy and labor market. A very strong report from the ADP today that revealed that US companies hired at the fastest pace in seven months in December should further indicate that the (US) economy can withstand tighter monetary policy. We get into the pair near 1.13500 and positions us SHORT. I still see the EUR/USD pair with downside potential given the more hawkish monetary stance of the Fed (in comparison to the ECB).
Signal delayed by ~ 15 minutes (non-delayed signals in VIP group).
-------
We won the last 21 forex trades* in a row
*GBP/(PREMIUM ONLY) still running - currently in profit
