Stay 
Trading Conditions
Products
Tools
The Federal Reserve's rate hike to the expected 0.75% was not without surprise, or rather, it did not go without intrigue: the accompanying statement spoke about the effect of the delay of monetary policy on inflation (that is, the possible rate cut sooner rather than later), and Fed Chairman Jerome Powell at the conference announced a possible higher final level of the rate than previously expected by committee members. Markets immediately raised the highest expected rate to 5.1% for May 2023 from the previous peak expectation of 4.85%. As a result, the euro fell by 60 points, having overcome the support of the MACD line on the daily chart.
But the Marlin Oscillator has not yet crossed the border into the downtrend area. Maybe it will happen this afternoon. But actually the 0.9714 target is available. Settling below the level will open the 0.9520 target. The S&P 500 stock index fell by 2.50%, it will push the euro down.
On the H4 chart, the price went under the range of 0.9840/64 with consolidation, the Marlin Oscillator is in negative territory, we are waiting for the development of a downward trend.
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.
