Make This Trade Now That the Fed Has Hiked Rates

The Federal Reserve recently increased interest rates, with Chair Kevin Warsh expressing hawkish sentiments about controlling inflation. This move favors the U.S. dollar while adversely impacting the Euro currency. As evidence, the December Euro currency futures have hit a six-week low, and the MACD indicator indicates a bearish stance.

To capitalize on this technical advantage, a potential trading opportunity exists by selling December Euro currency futures if prices fall below the chart's support level of 1.1500. The anticipated downside target would be 1.1150. To mitigate risk, a protective buy stop should be set slightly above the current price at 1.1650. Readers are reminded that the author is not a futures broker and advises individuals to carefully consider their financial situation, goals, and resources before engaging in futures trading.

The Commodities Futures Trading Commission emphasizes the high risk and volatility associated with such investments.