EUR/USD Forecast: Gives Up After Jerome Powell Shocks

I would love to see the Euro rally so I can sell it from a higher level. 

The EUR/USD initially tried to rally during the session on Friday, to break well above the parity level as traders got ready to hear the Jerome Powell speech coming out of Jackson Hole. It seems that traders were hoping for some signs of a dovish attitude out of the Federal Reserve, but they did not get that by the time it was said and done. Jerome Powell went out of his way to let people know that the Federal Reserve was in fact going to continue to be hawkish, essentially being “tighter for longer.”

James Rogers

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