So, the Fed meeting was held. The interest rate remains at the level of 1.625%, as the Fed said that it will not raise the rate until inflation accelerates steadily above 2%. A rate cut is only possible in the event of a sharp deterioration in the economy, which is not yet observed.
The main topic is still the new epidemic flu in China, with 170 deaths as of Thursday morning.
The Chinese authorities are taking all possible measures to stop the epidemic.
Important news today: the first report on US GDP for the 4th quarter is at 14:30 London time. Forecast +1.8:+1.9%.
EUR/USD
Euro's sellers tried to push the currency below 1.1000 after the Fed's decision. However, it failed and they retreated.
Meanwhile, keep selling from 1.1084.
Selling from 1.1050 or higher is possible.
Cancel sales on 1.1110.
The material has been provided by InstaForex Company - www.instaforex.com