SEB: how to trade EUR/USD on FOMC minutes
Analysts at SEB propose an interesting trade strategy on the release of the Federal Reserve’s meeting minutes (18:00 GMT). If EUR/USD rises in the next 3 hours after the release, then the specialists will buy the pair and close it in 24 hours. On the contrary, if EUR/USD declines in 3 hours after the release, sell the pair and hold position for 24 hours.
According to SEB, EUR/USD tends to continue moving in the same direction on the day after the release of the minutes.