{"id":12521,"date":"2022-09-22T09:41:57","date_gmt":"2022-09-22T09:41:57","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12521"},"modified":"2023-05-15T09:43:37","modified_gmt":"2023-05-15T09:43:37","slug":"eurusd-how-will-it-react-to-the-feds-3rd-straight-0-75-hike","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/22\/eurusd-how-will-it-react-to-the-feds-3rd-straight-0-75-hike\/","title":{"rendered":"EURUSD How will it react to the Fed’s 3rd straight 0.75% Hike?"},"content":{"rendered":"

 <\/p>\n

The EURUSD pair is rebounding on the current 4H candle, following the rejection after the Fed raised the Interest Rate again by 0.75% for the 3rd straight meeting. So far this rebound seems to be technical as the 4H RSI hit the oversold level (green circles) that it has another 4 times in the past 3 months. As you see on this 4H chart, the price typically rebounds to either the 0.5 or 0.618 Fibonacci retracement level, following bounces on such oversold RSI levels.<\/p>\n

The 0.5 Fib is currently at 1.000, while the 0.618 at 1.00478. This could be just a short-term reaction as the trend remains bearish long-term, especially within this structured Channel Down pattern that started on the February 10 High. As a result, a break below the 0.9800 Support can complete a similar -6.25% decline near 0.95600. Bear in mind that only a break above the 1D MA100 (green trend-line) can change the long-term trend to bullish.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/EURUSD\/Rropnh46-EURUSD-How-will-it-react-to-the-Fed-s-3rd-straight-0-75-Hike<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The EURUSD pair is rebounding on the current 4H candle, following the rejection after the Fed raised the Interest Rate again by 0.75% for the 3rd straight meeting. So far this rebound seems to be technical as the 4H RSI hit the oversold level (green circles) that it has another 4 times in the<\/p>\n","protected":false},"author":611,"featured_media":12522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12521"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12521\/revisions"}],"predecessor-version":[{"id":12524,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12521\/revisions\/12524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12522"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}