EURUSD Rebounded Weakly-lowest forex commission

Worried About Fed Hawks, EURUSD Rebounded Weakly

lowest forex commission–HXFXglobal reminds you:

Deutsche Bank Expressed The Risk In Interest Hikes From Fed, Rebound In EURUSD Got Restraint.
【Strategy】
Investors are recommended to consider short-term Short position at 1.1315, Take-Profit at 1.1280, Stop-Loss by 1.1329.
【NEWS】
The US Richmond Fed Manufacturing Index(Jan) has vastly failed the expectation, which made USD to fluctuate, and consequently push EURUSD to rebound, but the US Conference Board Consumer Confidence Index(Jan) recorded 113.8, greater than the forecast of 111.8. In addition, Federal Funds Interest Rate Futures showed Fed would adopt a 25-basis-point rate hike by the March meeting, with four more rate hikes in 2022, boosting USD with extra support. Meanwhile, Deutsche Bank said that the risk of hawkish interest rate hikes by the Federal Reserve exists. Fed would most likely raise interest vastly for the purpose of containing the inflation in year. As a consequence, EURUSD has been limited with it’s potential rebound scope.
【Technical】
In 4Hrs range, 5 & 10MAs consolidates after the plunge. KD in consolidation. MACD shown marginal positive volume with positive DIFF & DEA. Bollinger Median Band holds resistance, led EURUSD to fall in the congestion area after the plummet. In short, while EURUSD nudges up would accompany with the enlarging resistance, therefore, would suggest Investors to consider High-Throw for Short-term Short position.
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