Currency pair: EUR/USD
Sentiment: Bearish
Trend Index : 0
Market Focus:on thursday trade set up i focussed on selling opportunities on the EUR/USD.
Fundamentals: The Fed came across more hawkish than investors
had thought as the FOMC Statement was released yesterday showing the US
is the only developed nation central bank that is considering raising
rates this year. The Fed had a positive view of the economy as a whole
saying oil prices would have a positive impact on households however
they would take into account international developments as an uncertain
global outlook remains.
Technicals: I am still looking for selling opportunities on any decent rallies by monday, with a decent resistance area eyed out at 1.1342.
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