Chapter 19 EURUSD keep trending down
Fundamental analysis
The US Federal Reserve raised interest rates by 75 basis points at the expected rate yesterday. According to the September meeting, two important statements were attached to the text of the resolution.
First, the Committee estimates that continued increases in the target range would be appropriate to achieve a sufficiently restrictive monetary policy stance to return inflation to the 2% target over time.
secend, The Committee takes into account the cumulative tightening of monetary policy, the delays in which monetary policy affects economic activity and inflation, and economic and financial developments while determining the pace of future increases in interest rates.
Technical analysis
After the channel down broke, we can see the price now pulling up and we expect to pull up to this supply zone at 0.98103-0.98486 and then we will see if we saw a weakness In the pair at this zone we could take it as a continuing downtrend to the nest demand zone at 0.97070
