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Sep 15 - 03:55 AM
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EUR/USD - Likely To Reach 1.1490 Before Fed Decision On Wednesday
By Jeremy Boulton — Sep 15 - 02:38 AM
• Ichimoku cloud twists often attract and one is close by at 1.1490
• The EUR/USD daily cloud twists on September 15
• The Federal Reserve is expected to hike interest rates by 25bps
• Traders betting on a drop before the event may book profits after
• Fed hike to offset recent ECB hike, balance
• EUR/USD volatility is low and Fed hike unlikely to change that
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters