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Federal Reserve is afraid of the economic crisis

Federal Reserve is afraid of the economic crisis | 27 June 2019

27 June 2019, EUR/USD

Federal Reserve is afraid of the economic crisis

EURUSD trading plan:

Investors are expected lower interest rates from the Federal Reserve. The futures market in Chicago indicates a decline in interest rates on July 31 and September 18. U.S. President Donald Trump called on the Federal Reserve to lower interest rates so the United States can compete with countries that he said are devaluing their currencies. At the June 19 meeting, the Fed said nearly half of it policy makers think rate cuts could be needed this year. The Federal Reserve is afraid of the economic crisis. This is a negative signal for the U.S. currency!

Trading recommendation: Buy 1.1340 and take profit 1.1390.

David Johnson
Analyst of «FreshForex» company
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