FX.co ★ EUR/USD: selling is still possible

EUR/USD

Euro saw gains after Fed Chairman Jerome Powell said less hawkish rhetoric on interest rates.

He talked about a slowdown after the December 15 meeting, but markets believe that the Fed will raise the rate in December by 0.5%.

Even so, selling is still possible.

But be cautious when selling from 1.1480 and look out for a rebound in case the rally continues to 1.1560, and then to 1.1620.

Control the risk when choosing sell or buy volumes. Do not risk more than 1-2% of account size in a single trade.