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SHORT Euro/American dollar trading signal - EURUSD

Forex Market Price Signals and Analysis

Good Morning Traders,

Today, September 21,  Lift-Off offers a SHORT trading signal, on the major EUR/USD pair after the news on US interest rates.

The FOMC confirmed its forecast on the interest rate hike, making a 75bps hike, thus 0.75%, bringing interest rates to 3.25%.

Estimating further hikes for the next few dates.

Below the chart of EURUSD - with the signal detected by Lift-Off

The News:

Fed raises rates by 75 bp for third time in a row

[...]The FOMC, the Federal Reserve's operating committee, raised interest rates by 75 basis points bringing the new rate range from 2.25%-2.50% to the new 3%-3.25%, in line with market forecasts and for the third time in a row.

Further hikes "will be appropriate" to bring inflation back to the 2 percent target, the U.S. bank states in the statement, while "the reduction in Treasuries, debt securities and Mbs will continue."[...]

Source: en.investing.com

Signal board September 21, 2022

SHORT- EUR/USD

Input price: 0.9845 USD (and any price until tomorrow morning)
Stop loss or adjustment zone: 1.0020 USD
Take profit zone: no take profit