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19.09.201908:08 Forex Analysis & Reviews: Overview of EURUSD on 09/19/2019

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On Wednesday evening, the Fed lowered the rate by 0.25% to 1.875% and commented on the state of the US economy. Interestingly, analyzing the Fed's comment, it is impossible to understand why to lower the rate – the growth is stable, the labor market is strong. The truth is pointed to an unfavorable "external factor" – read the negativity from Trump's unleashed trade war with China.

It can be concluded that the Fed – going to meet the requirements of Trump and lowering the rate – is not going to further reduce the rate.

EURUSD. The euro's reaction was paradoxical – within an hour after the Fed's decision, sellers tried to collapse the euro. But they did not achieve much success.

The limits of the range remained the same.

We buy from 1.1077.

We sell from 1.0925.

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