The dollar and Euro are waiting for the fed
At the beginning of the European session the Euro dropped to 1,1554 from which renewed growth of quotations. The Euro rose against the dollar to 1,1611 on the background of reducing the yield of ten-year us bonds.
About Turkey all have forgotten.
On the agenda is the publication of protocols of meetings of the Federal Committee on open market operations the fed (Federal Open Market Committee – FOMC) and the us-China negotiations. In the protocols of the FOMC, market participants will be interested in everything on the basis of which we can predict the number of rate increases this year. According to the latest CME Fed Watch Tool, the probability of a rate hike by 25bps.p is 93,6%.
At the time of writing the Euro is worth 1,1608. Technically, the pair has fulfilled all the conditions to be corrected until at least at 1.1500. To deploy a bullish trend on the time period will be difficult, because the Euro is in demand in the crosses and buyers can advance to the level of 1,1645.
I think that area 1,1616 – 1,1625 is a great place to open short positions. Correction should begin closer to the publication of the “minutes” of the fed, and if you watch the time periods, with the opening of the American session.