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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 the Fed's intention to raise rates harder and faster. However, such a move was not sustained.
Now, the market expects the ECB to pursue a 0.5% rate hike next Thursday.
There could be moves as early as tomorrow because ahead is the US CPI inflation report for March.
Nevertheless, the forecast is still the same, that is, euro will rise to the target level of 1.1000.
Keep buying from 1.0530.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
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