Forex Fundamental Analysis – The Fed has raised rates very aggressively

EURUSD – Up

EURUSD trading plan:

Traders of futures tied to the Federal Reserve’s policy rate largely stuck to the view the central bank will keep raising rates a quarter of a point at its next three meetings. The U.S. central bank released minutes of its most recent meeting, Jan. 31 – Feb. 1, showing most policymakers agreed more rate hikes will be needed. After the release the contracts continued to price in a top Fed policy rate in the 5.25%-5.5% range by June, similar to pricing before the release. This is a positive signal for the dollar.

Investment idea: sell 1.0647 and take profit 1.0596.

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