Refer a friend

The recent FOMC meeting minutes saw the USD strengthen, bringing sellers back in on #EURUSD. Could we see the price continue lower?

Watch the video to learn more…

EURUSD Analysis

eurusd forex chart of the day

The recent FOMC meeting minutes continued to show the Fed are hawkish which saw the USD strengthen. If this is to continue we could see the price of EURUSD fall. 

The ECB is also neutral at the moment despite the rising inflation in the Eurozone. They have recently stated they are not looking to hike rates currently as they feel they need to be flexible in the current market environment. 

The weekly time frame highlights the downward trend the market is in. Initially, we expected to see the price rally back towards the key 1.1500 lows in line with the retracement phase. However, the price has failed to break the key highs and instead seen sellers move back in. 

The 4hr time frame shows the market has formed a new lower low showing a potential trend reversal. Now the price is forming a lower high we could start to look for short ideas if the price was to change trend on lower time frames.

Do you trade CADJPY? you can see our latest analysis here.

Enjoy low spreads and quick trade executions with a live account. Our highly committed customer support team will assist you from your quick account setup to any future concerns. Start trading with Blueberry Markets today.

About The Author

Join us on Telegram
and get real-time
alerts on
Indices, Gold, Crypto
and Share CFDs

Join now for free
telegram cta
bbjam graphic

Sign up to
Blueberry Jam

Back up your trade positions with insights
and how-to-guides, straight to your
inbox every week

Thank you. You have successfully subscribed to Blueberry Jam!