"One and Done" ... An update to EURUSD for FED

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On the monetary side, Fed taking the spotlight so let’s start digging into the details…

Expecting the Fed to lower the “dots” signalling one hike in 2019 … a “one and done” approach. June seems unlikely now as the Fed has started to focus on inflation to keep equity markets happy.

My base case is for a hike in December meaning the dollar looks underpriced at current levels and with a lingering ECB easing risk premium EURUSD will start the leg lower after we clear Fed and PMIs.

From a technical standpoint we are sitting at strong resistance, any kneejerks higher (unlikely) will attract a lot of selling interest.

Best of luck all those trading Fed
Заметка
"EURUSD will start the leg lower after we clear Fed and PMIs." ... currently in play
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Reaching the final stages here for bears...
Сделка закрыта: достигнута тейк-профит цена
First targets cleared on the test at 1.11183
Beyond Technical AnalysisdraghiecbEUReuroEURUSDfedHarmonic PatternspowellridethepigTrend AnalysisUSD

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