empty
 
 
31.01.2023 03:43 PM
EUR/USD under pressure ahead of Fed and ECB meetings

This image is no longer relevant

EUR/USD

According to the trading chart, the euro fell to 1.0800 but then rebounded to 1.0830.

The euro is increasingly coming under pressure ahead of the Fed's meeting to be held tomorrow. The regulator is expected to lift its key interest rate by 0.25%.

At the same time, market participants are hoping to receive some clues about the US central bank's further inflation-fighting efforts.

The ECB's monetary policy meeting is scheduled for Thursday. I believe the regulator will not raise interest rates.

We could have already locked in profits on short euro positions from 1.0920. However, there is a likelihood that the euro will collapse to 1.0500. In this case, it will be possible to make a more solid profit.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

The Fed raised the rate, +0.25%. EURUSD rose slightly on the news

EURUSD What did the Federal Reserve say when it hiked rates? Recent indicators point to modest growth in spending and production. Job gains have picked up in recent months

Jozef Kovach 22:50 2023-03-22 UTC+2

EUR/USD: price bounces upward

EUR/USD Euro climbed upwards despite expectations of a Fed rate hike. Many were counting on a price decline as Fed Chairman Jerome Powell insisted on a hawkish stance, talking about

Jozef Kovach 08:33 2023-03-13 UTC+2

Technical analysis of EUR/USD for March 04, 2023

The EUR/USD pair fell from the level of 1.0640 to bottom at 1.0595 yesterday. Today, the EUR/USD pair has faced strong support at the level of 1.0574. So, the strong

Mourad El Keddani 18:01 2023-03-04 UTC+2

EURUSD: persistent range

EURUSD The U.S. data came out: Initial jobless claims increased by 13,000 to a seasonally adjusted 196,000 last week - a very low level. But the number of long-term benefits

Jozef Kovach 22:46 2023-02-09 UTC+2

EURUSD: ECB raised rates by +0.5% and promised another +0.5% in March

EURUSD just after the European Central Bank meeting The Governing Council will continue on course to significantly raise interest rates at a sustained pace and keep them at restrictive levels

Jozef Kovach 22:59 2023-02-02 UTC+2

Weekly Review of GBP/USD for January 22, 2023

The GBP/USD pair can still form an ascending impulse, it continues to rise upwards. The major support is seen at 1.2302 which coincides with the ratio of 61.8% Fibonacci. According

Mourad El Keddani 18:29 2023-01-22 UTC+2

Weekly review of EUR/USD for January 14, 2023

The weekly pivot point sets at the point of 1.0761 so as to call for a strong bullish market above it. The EUR/USD pair's rise from the price of 1.0623

Mourad El Keddani 18:09 2023-01-14 UTC+2

Weekly review of EUR/USD for January 02-06, 2023

The EUR/USD pair dropped sharply from the level of 1.0713 towards 1.0650. Now, the price is set at 1.0658. On the M1 chart, the resistance of EUR/USD pair is seen

Mourad El Keddani 12:47 2023-01-07 UTC+2

Weekly review of EUR/USD for December 19-23, 2022

Due to the upcoming Christmas and New Year's holidays, the trading working hours of many major financial centers was changed, which affected the trading of the EUR/USD pair notably, because

Mourad El Keddani 14:45 2022-12-24 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.