EUR/USD:
Yesterday, the Fed announced its interest rate decision at 75 basis points, but at 2:30, Fed Chairman Powell’s remarks were neutral, which prompted prices to shoot higher after falling.
From the D1 chart, the price has now touched the key support level below, and there are signs of ascribed higher at the opening this morning, indicating that the trend has the possibility of a correction.
A candle on the H4 chart briefly spiked higher. A Fibonacci backtest can see the price currently hitting the 0.382 level and is expected to hit the 0.618 level.
Order suggestion:
Go long lows and wait for a reversal trend signal to form.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
