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10.06.2020 10:04 PM
Evening review EURUSD 06/10/2020. Ahead of the Fed meeting

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The most important news from the Federal Reserve: everyone understands that the Fed rate will remain at the level of 0-0.25%

However, it is very important how the Fed assesses the state and prospects of the US economy now - when the most negative months are behind April and May, when the economies of Europe and the US have opened significantly.

The Fed will issue a statement - but, in addition, it will issue a forecast on key indicators.

EURUSD: I expect a sharp increase in the euro - in the direction of 1.1480.

I keep purchases from 1.1320.

Stop at 1.1275.

Alternative: sell from 1.1240.

Jozef Kovach,
Analytical expert of InstaForex
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