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FED revised statement

FED revised statement | 28 August 2020

28 August 2020, EUR/USD

FED revised statement

EURUSD trading plan:

We are expecting a bullish rally to develop. "The economy is always evolving, and the FOMC's strategy for achieving its goals must adapt to meet the new challenges that arise," said Federal Reserve Chair Jerome H. Powell. "Our revised statement reflects our appreciation for the benefits of a strong labor market, particularly for many in low- and moderate-income communities, and that a robust job market can be sustained without causing an unwelcome increase in inflation." This is a negative signal for the dollar!

Trading recommendation: Buy 1.1900 and take profit 1.1946.

David Johnson
Analyst of «FreshForex» company
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