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EUR/USD Signal - Fed Interest Rate Decision - 19 Dec 2018

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Signal Details
Entry Price: 
1.1410
Take Profit: 
1.1350
Stop Loss: 
1.1430
Direction: 
Low
Result: 
Loss
How we trade
4.9/5 of 9 ratings

Today, traders should be very cautious in their decisions. So far the markets are speculating on a dovish Fed decision but that could change. The Fed is expected to raise the interest rates but the markets also see signs of a downgrade for 2019 projections. That could trigger another U.S. dollar sell off and the Euro might appreciate. With the price action suggesting the opposite, we see both scenarios are on the cards.

eurusd signal 19 dec 2018

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.