after an initial response to the final meeting before the fed last night, the eur / usd pair has accelerated its decline last night, with a trough on the 1.1193, 1.1295 daily for the summit.
the fed has again increased the planned rate of 0.25%, with the decision of a relatively sanguine about inflation, leaving the door open for at least one more rate hike this year.
in this meeting, the fed clearly hawkish, the eur / usd pair fell even more easily suddenly increased in the afternoon, in the face of disappointing us data, retail sales, cpi below expectations).
however, from the point of view of the graph, the sudden access of volatility has had very little impact, since it was at the end of the “go back” in the space of just a few hours, and the thresholds are the same important yesterday morning this morning.
it is interesting to note, is that the rise of yesterday confirmed that resistance to 1.1285-90. in the shorter term, the immediate resistance is 1.1225-30.
the decline is potentially support on short term trend line visible from the trough of the 09 / 06, as well as the psychological threshold of 1.12, being confused with the mm100 h1 some pips.
below are the key media 1.1165, fracture dynamics could renew downward in the direction of the psychological threshold of potential 11.
finally, as regards the economic agenda, on thursday will be enough, with a meeting of the eurogroup, the price index of the u.s. import and export (1430), us weekly unemployment registration. the index of the edf in philadelphia (2:30) and industrial production in the us
the eur / usd graph h1
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