Forex EUR/USD Daily Video, May 03, 2022

Sive Morten

Special Consultant to the FPA
Good morning,

EUR shows tight consolidation at the eve of Fed statement while 1.0430 target is not completed yet. We expect that Fed comments will be hawkish and suggest to not consider any bullish scenarios until target is not hit. Supposedly Fed could accelerate bond selling above supposed $90 Bln per month.