EURUSD - Neutral Pre FOMC minutes

May 19, 2021

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EURUSD - Neutral Pre FOMC minutes by KQMarkets on TradingView.com

Commentary

We still hold a neutral view on EURUSD pre the FOMC minutes later today as we await indications on whether the FED still see rising inflation as transitory.

Any deviation from the current narrative towards tightening monetary policy would cause a sharp sell off in the currency pair.

This is despite EURUSD gaining upward momentum in recent weeks as both the 20 day MA and 50 day MA are significantly higher than the 100 day MA.

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