empty
 
 
28.07.2021 09:26 AM
Hot forecast for EUR/USD on July 28, 2021

This image is no longer relevant

Today, traders are facing one of the most important events in terms of the economic calendar—the result of the two-day meeting of the Federal Open Market Committee (FOMC).

Based on the expectations of experts, it is not planned to make changes to the key rate during the meeting, leaving it at the same level of 0-0.25%. Investors in this situation are most interested in comments and a press conference where they can hear about the future prospects of monetary policy in the United States.

This event is particularly important, because traders are watching it, as sharp price changes in the market are possible.

During the last trading day, the EUR/USD currency pair managed to come near the upper limit of the lateral amplitude of 1.1750/1.1830, locally piercing it. But after that, a natural rebound occurred, taking the quote back to the boundaries of the established range.

In simple words, the upper limit of the amplitude still plays the role of resistance in the market.

The market dynamics has signs of acceleration, but so far they are limited to the current range.

In the current price position, there is a reduction in the volume of long positions, which leads to a stagnation - a pullback relative to the upper limit of the amplitude.

In this situation, where the results of the FOMC meeting take place in terms of the trading day, there is always abundant speculative interest. Therefore, we carefully monitor the behavior of the quote relative to the available amplitude. The reference point for the ascending pulse is considered to be the coordinate of 1.1855, while for the descending pulse it is enough to stay lower than 1.1750.

From the point of view of complex indicator analysis, it can be seen that technical instruments on the minute and hour periods still pursue a multidirectional signal, due to movement within the boundaries of the lateral amplitude. The daily period, as before, is focused on a downward development, signaling a sale.

This image is no longer relevant

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback