EUR/USD went down due to FED FOMC interest rate decision.
This article is originally referred from Fortrade News.
At the FED meeting held yesterday, the Federal Open Market Committee decided to increase its interest rate by 0.25% to 1.5%.
The Fed also confirmed it currently expects to hike rates 3 more times in 2018.
Following the news, in one hour EUR/USD fell by 0.05% and by the end of the day it dropped by 0.14%.
What’s next for EUR/USD?
If you think EUR/USD will continue to go down, click on the SELL button, or if you think it will go up, click on the BUY button on the platform.
How to start trading?
- Log in to your Fortrade trading account using your email (username) and password.
- Search for the tradable instrument inside the platform. You can trade with 300+ instruments.
- Click BUY or SELL button to open a trading position. With one click, you can trade CFDs on currencies, stocks, commodities and indices.
Original Source: Fortrade News