FX.co ★ Trading plan for EURUSD on 09/18/2019

Today, September 18, the main event is the Fed decision on rates at 19:00 London time.

The market expects the Fed rate to decrease by 0.25% to 1.875%.

For the first time in 10 years, the Fed was forced to intervene in the money market to reduce short-term lending rates.

Before the Fed's decision, the euro exchange rate went again to the upper limit of the monthly range towards 1.1110

EURUSD: Buy on a break of 1.1110 up.

We sell at a breakdown of 1.0925.