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Trade Recommendations with Fed Rate Decision

March 15, 2016 9:55 pm

We are expecting that the Fed can not raise the interest rate, but remain hike expectations in 2016. At the time of rate announcement if the rate same then Dollar Index break the 10th March Low around 95.94.

Our prediction is that if Dollar Index continuous intact in bearish trend then little positive impact expected but chance around 30% and if the Dollar Index move upward to near 97.27 then impact may be negative.

Recommendations for EURUSD is that buy between 1.0970 to 1.1000 with Take Profit 100pips and in other pairs trade accordingly.

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