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Negative signal for the dollar

Negative signal for the dollar | 17 Septiembre 2020

17 Septiembre 2020, EUR/USD

Negative signal for the dollar

EURUSD trading plan:

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time. FOMC seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Federal Reserve decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.

Trading recommendation: Buy 1.1760 and take profit 1.1839.

David Johnson
Analyst of «FreshForex» company
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