For Traders

Analytical Reviews

Hot forecast

10.07.201910:10 Forex Analysis & Reviews: Breaking forecast 07/10/2019 EURUSD and trading recommendation

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On Wednesday (and then on Thursday) - the Fed chairman's report in Congress at 12:00 London time.

The main question is whether the Fed will cut rates.

The market expects that the Fed will reduce the rate in July by 0.25% - but the question is whether it will be a one-time cut.

EURUSD: If the Fed chairman confirms plans to reduce the rate, the euro will increase.

From the point of view of technical analysis, it is possible to buy at a break above 1.1235 and further, from 1.1325.

In case of a downward reversal, you can sell from 1.1180.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.