The course of the EURUSD forex trading on Thursday strengthened to 6-week high, but subsequently lost a large part of the conquered positions. Such a reaction is caused by the mixed results of the Fed meeting. Regulator expectedly raised the interest rate from 2.25% to 2.5%.
The following year, two rate increases, whereas previously expected increase of three market participants expect. These expectations contributed to the growth of short-term interest rates, but long-term rates continue to decline. This discrepancy is seen by many market participants as a sign of impending recession, which has a downward pressure on the dollar. Also, forecasts for GDP growth rate and inflation rate were increased.
Technical outlook EURUSD, the euro returned to the usual range. The pair is trading slightly above the 1.1440 in the case of consolidation and overcoming the maximum 1.1485 the euro is likely to continue to 1.1530. In the event of a fall below 1.1400 1.1360 likely to decrease.
Based on materials WELTRADE