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31.01.2023 03:43 PM
EUR/USD
According to the trading chart, the euro fell to 1.0800 but then rebounded to 1.0830.
The euro is increasingly coming under pressure ahead of the Fed's meeting to be held tomorrow. The regulator is expected to lift its key interest rate by 0.25%.
At the same time, market participants are hoping to receive some clues about the US central bank's further inflation-fighting efforts.
The ECB's monetary policy meeting is scheduled for Thursday. I believe the regulator will not raise interest rates.
We could have already locked in profits on short euro positions from 1.0920. However, there is a likelihood that the euro will collapse to 1.0500. In this case, it will be possible to make a more solid profit.
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