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The EURUSD is hanging above and below the 50% midpoint of the July range ahead of the Fed

The EURUSD is hanging above and below the 50% midpoint of the July trading range ahead of the important Fed decision at 2 PM ET. The Fed is expected to raise rates by 25 basis points, but it will be the expectations going forward that the market will be focused on. Fed Chair Powell will conduct his normal press conference starting at 2:30 PM ET and will give the market the hints, which should lead to the next shove (and move the price away from the 50% level).Technically, the 50% midpoint comes... Read More

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Content Topics

Eurusd

Hanging

Above

Below

Midpoint

July

Range

Ahead

Forex

Posted: Jul 26 2023, 12:57

Author Name: forexlive

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