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Pause before FOMC meeting

Pause before FOMC meeting | 17 June 2019

17 June 2019, EUR/USD

Pause before FOMC meeting

EURUSD trading plan:

Investors are willing trade cautiously today. The main event of the week is the meeting of the Federal Reserve. The New York Fed’s May survey of consumer expectations showed that consumers expect inflation to decline in the shorter and longer term. We do not expect the US Federal Reserve to cut interest rates on Wednesday, June 19. The Federal Reserve will make a decision after the G-20 summit in Tokyo. Investors were selling gold at the end of last week. This is a bad signal for the Euro. We are expecting quiet trading today. Investors will be calm before the meeting of the Federal Reserve.

Trading recommendation: range 1.1180 – 1.1250.

David Johnson
Analyst of «FreshForex» company
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