Last: 
Photo Source: Fausta via GIC[/caption] After holding its meeting in the early hours of this morning, the US Central Bank has managed to make decisions and statements, including: the tapering plan will be carried out soon this year and will be announced at the FOMC meeting again in November. In addition, the FOMC this morning agreed to plan to raise interest rates faster than previously expected, even Powell hinted that it could be done as soon as next year. The condition of the US Dollar currency is on a path of strengthening against several other major currencies. The boost to the results of the FOMC meeting this morning has illustrated that the US dollar is quite strong and stable compared to other currencies. Jerome Powell said that although US economic growth has not fully recovered from the effects of the pandemic, interest rate hikes could be carried out next year. In today's trading, the majority of currency pairs paired with the US Dollar will weaken as well as commodity trading conditions such as Gold which have decreased. The impact of US government bond yields is also on an upward trajectory, compounded by the US Central Bank's hawkish attitude at the FOMC meeting this morning. EURUSD daily analysis this time: if the EURUSD movement is able to break through Support 1 at the level of 1.16627 then there is a high chance that it will continue the movement towards Support 2 at the level of 1.16379, but if it is not able to continue its weakness, then the EURUSD movement will return to the Pivot Point at the level of 1.17088 even if the condition of the US Dollar weakens even though it is limited, then there is a great chance that the Euro movement will go towards Resistance 1 at the level of 1.17336 and if the Resistance 1 level can be passed then the next direction of movement will be towards Resistance 2 at the level of 1.16379. For Fundamental Analysis this afternoon at 14:30 WIB, high impact data on German Flash Manufacturing and German Flash Services PMI will be released, followed by the release of UK data, namely CAsset Purchase Facility, MPC Asset Purchase Facility and Monetary Policy Summary which will be released at 18:00 WIB. All of the above data in the forecast will be good for the Euro and the Pound Sterling currency. Thus the daily analysis of EURUSD September 23, 2021, Keep a good eye on Money Management and Risk Management to protect your funds. Also read other articles in the GIC Journal for more information about forex. You also get other perks from GIC such as bonuses from the GIC affiliate program and the Scalping Ebook guidebook.
EURUSD Daily Analysis: September 23, 2021 - Euro Weakens
Oleh Nurhakim
Last updated at
17 Jan 2025 13:36
32
The movement of the single currency of the euro zone, the Euro, in market trading last Wednesday was in a weakened condition against the US Dollar. This will be discussed in the daily analysis of EURUSD from the GIC this time. The weakening of the Euro today is due to the condition of the US Dollar currency on its path of gain. In addition, the release of European data that was not good some time ago, also weakened the Euro currency. For today's Asian session market trading, in the analysis of EURUSD will still continue its weakness against the US Dollar. Almost all currency pairs that deal with the US Dollar are on a weakening path. This is due to a statement from the chairman of the US Central Bank The Fed which is "hawkish". [caption id="attachment_6970" align="alignnone" width="1025"]Photo Source: Fausta via GIC[/caption] After holding its meeting in the early hours of this morning, the US Central Bank has managed to make decisions and statements, including: the tapering plan will be carried out soon this year and will be announced at the FOMC meeting again in November. In addition, the FOMC this morning agreed to plan to raise interest rates faster than previously expected, even Powell hinted that it could be done as soon as next year. The condition of the US Dollar currency is on a path of strengthening against several other major currencies. The boost to the results of the FOMC meeting this morning has illustrated that the US dollar is quite strong and stable compared to other currencies. Jerome Powell said that although US economic growth has not fully recovered from the effects of the pandemic, interest rate hikes could be carried out next year. In today's trading, the majority of currency pairs paired with the US Dollar will weaken as well as commodity trading conditions such as Gold which have decreased. The impact of US government bond yields is also on an upward trajectory, compounded by the US Central Bank's hawkish attitude at the FOMC meeting this morning. EURUSD daily analysis this time: if the EURUSD movement is able to break through Support 1 at the level of 1.16627 then there is a high chance that it will continue the movement towards Support 2 at the level of 1.16379, but if it is not able to continue its weakness, then the EURUSD movement will return to the Pivot Point at the level of 1.17088 even if the condition of the US Dollar weakens even though it is limited, then there is a great chance that the Euro movement will go towards Resistance 1 at the level of 1.17336 and if the Resistance 1 level can be passed then the next direction of movement will be towards Resistance 2 at the level of 1.16379. For Fundamental Analysis this afternoon at 14:30 WIB, high impact data on German Flash Manufacturing and German Flash Services PMI will be released, followed by the release of UK data, namely CAsset Purchase Facility, MPC Asset Purchase Facility and Monetary Policy Summary which will be released at 18:00 WIB. All of the above data in the forecast will be good for the Euro and the Pound Sterling currency. Thus the daily analysis of EURUSD September 23, 2021, Keep a good eye on Money Management and Risk Management to protect your funds. Also read other articles in the GIC Journal for more information about forex. You also get other perks from GIC such as bonuses from the GIC affiliate program and the Scalping Ebook guidebook.
Photo Source: Fausta via GIC[/caption] After holding its meeting in the early hours of this morning, the US Central Bank has managed to make decisions and statements, including: the tapering plan will be carried out soon this year and will be announced at the FOMC meeting again in November. In addition, the FOMC this morning agreed to plan to raise interest rates faster than previously expected, even Powell hinted that it could be done as soon as next year. The condition of the US Dollar currency is on a path of strengthening against several other major currencies. The boost to the results of the FOMC meeting this morning has illustrated that the US dollar is quite strong and stable compared to other currencies. Jerome Powell said that although US economic growth has not fully recovered from the effects of the pandemic, interest rate hikes could be carried out next year. In today's trading, the majority of currency pairs paired with the US Dollar will weaken as well as commodity trading conditions such as Gold which have decreased. The impact of US government bond yields is also on an upward trajectory, compounded by the US Central Bank's hawkish attitude at the FOMC meeting this morning. EURUSD daily analysis this time: if the EURUSD movement is able to break through Support 1 at the level of 1.16627 then there is a high chance that it will continue the movement towards Support 2 at the level of 1.16379, but if it is not able to continue its weakness, then the EURUSD movement will return to the Pivot Point at the level of 1.17088 even if the condition of the US Dollar weakens even though it is limited, then there is a great chance that the Euro movement will go towards Resistance 1 at the level of 1.17336 and if the Resistance 1 level can be passed then the next direction of movement will be towards Resistance 2 at the level of 1.16379. For Fundamental Analysis this afternoon at 14:30 WIB, high impact data on German Flash Manufacturing and German Flash Services PMI will be released, followed by the release of UK data, namely CAsset Purchase Facility, MPC Asset Purchase Facility and Monetary Policy Summary which will be released at 18:00 WIB. All of the above data in the forecast will be good for the Euro and the Pound Sterling currency. Thus the daily analysis of EURUSD September 23, 2021, Keep a good eye on Money Management and Risk Management to protect your funds. Also read other articles in the GIC Journal for more information about forex. You also get other perks from GIC such as bonuses from the GIC affiliate program and the Scalping Ebook guidebook.
Professionally, he has been involved in the world of trading since 2009. Experienced in building a Marketing Team & Telemarketing with division members of 5 - 20 people. Currently a Trainer, Market Analyst at GIC since 2019.
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