EURUSD – Up
EURUSD trading plan:
U.S. Federal Reserve Governor Christopher Waller, an early and outspoken „hawk“ in the central bank’s efforts to confront inflation, said he is now „more comfortable“ with smaller rate increases going forward after recent data showed the pace of price increases slowing. In remarks prepared for delivery at an Arizona economic conference, Waller said it remains unclear how high the Fed will need to raise interest rates, and that he will not make a final decision about what to do at the Fed’s Dec. 13-14 policy meeting until reviewing the rest of the data between now and then. The Fed’s latest policy statement flagged a likely step down in the size of upcoming rate hikes, with officials shifting focus to a more nuanced approach that gives them more time to monitor how the economy and inflation are behaving while leaving themselves free to keep pushing rates higher.
Investment idea: buy 1.0349 and take profit 1.0410.
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