Hello Traders,
The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady for a second straight meeting, biding time to assess whether cooling economic growth will curb price pressures.
Some traders said that is dovish some that is hawkish.....
In my opinion....
EUR-USD - all after FOMC was fully in price, no surprise..... so why usd will be stronger in my opinion?
1. Technically, while below 1,2750-80 , bigger chances for bears
2. OIL drop to 60 usd from the long time, it could help us economy, not only inflation could be main driver for usd....
3. Carry Trade....
My Long Term View - while below 1,2980 possible target is even below 1,2000 till the end of the year, i will change my view on daily close above this level....
good luck
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