Thursday Mission

The Federal Reserve's decision to maintain high interest rates to control inflation is bolstering the USD, which directly impacts EUR/USD trading.

With this in mind, you might consider taking short positions in EUR/USD, anticipating a stronger dollar.

Here's a quick strategy guide:

Downside Alert: If EUR/USD falls below 1.0920 and then 1.0880, be prepared for a further drop towards 1.0850.

Upside Potential โœ“: On the other hand, if it climbs past the 1.0950 to 1.0960 resistance area, look for a move up towards 1.1000 or possibly 1.1020.

Keep these levels in mind for strategic trading moves based on the Fed's approach and the resulting USD strength.

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