empty
 
 
13.06.2018 08:40 AM
Indicator analysis. Daily review of EUR / USD pair for June 13, 2018

On Wednesday at 18.00 London time, the results of the two-day meeting of the US Federal Reserve will be announced. The Fed's Open Market Operations Committee intends to take a decision to tighten its monetary policy. According to the analysts' expectations, the regulator will raise the base rate by 0.25% to the level of 1.75 - 2%.

At the moment, the probability of such an outcome exceeds 80%, and the decision of the American Central Bank is already laid in the market expectations. However, an increase in the Fed rate should not lead to a sharp reaction of the dollar.

Trend analysis (Figure 1).

On Tuesday, the market moved in the side channel ahead of interest rates in the USA to be released on Wednesday at 18.00 London time. On Wednesday, in anticipation of news, the market will work in the side channel and preferably work on small timeframes (up to 60 minutes).

This image is no longer relevant

Fig. 1 (daily chart).

Complex analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- volumes - upwards;

- candle analysis - neutral;

- trend analysis - up;

- Bollinger lines - down;

- Weekly schedule - up.

General conclusion.

On Wednesday, before the release of the news at 18.00 London time, the market will move up in the side channel.

Amid the increase in rates, the lower target is 1.1709 with the retracement level of 38.2% (yellow dotted line).

If the stakes are left unchanged, the upper target is 1.1830 on the upper fractal (red dashed line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first 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

Can't speak right now?
Ask your question in the chat.
Widget callback