Forex Signal Alert: EUR/USD Short Hedge on Fed Triple-Hike Risk
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Speculation that the Federal Reserve could raise rates three times this cycle is reviving dollar demand, creating a counter-trend risk for EUR/USD longs currently sitting near 1.1640.
Trade Setup: Entry 1.1640 (on rejection) | Stop Loss 1.1670 | Take Profit 1.1604 | Risk/Reward ≈ 1:1.2. This setup treats 1.1604 — the pair's key short-term support and former 200-day MA pivot — as the primary downside magnet.
Traders should monitor whether the ECB's hawkish guidance offsets Fed-driven dollar flows; a failure to hold above 1.1640 would confirm bearish momentum into the support zone.