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Forex Analysis & Reviews: EUR/USD: selling is still possible
time 01.12.2022 09:33 AM
time Relevance up to, 02.12.2022 08:23 AM

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EUR/USD

Euro saw gains after Fed Chairman Jerome Powell said less hawkish rhetoric on interest rates.

He talked about a slowdown after the December 15 meeting, but markets believe that the Fed will raise the rate in December by 0.5%.

Even so, selling is still possible.

But be cautious when selling from 1.1480 and look out for a rebound in case the rally continues to 1.1560, and then to 1.1620.

Control the risk when choosing sell or buy volumes. Do not risk more than 1-2% of account size in a single trade.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
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