What will be the impact of Fed Taper on EURUSD pair ?

What will be the impact of Fed Taper on EURUSD pair ?

Well such a shame it already happen yesterday night, it had little effect as it was a tiny taper of $10 billion.

The effect is simple, it follows the law of offer and demand. The scarcity of something defines its value. If you stop printing billions of green bills, it should start appreciating.

Oh I see .. It is mostly driven by the law of demand and supply if i understand.

Thanks dude

There is nothing written on stone, it is how the market will react to such a news.

Fed deliberately picked December to announce taper because it's quiet bullish for stock. As you might know, S&P 500 is breaking new record every month.

That's only short term impact IMO, on long term as @Thalantas noted supply/demand will rule the market.

Thanks for the explanation Ardit ..

First High and Then Rally to Low Level. Long-Term Target For this pair is 1.32x - 1.28x on downside and 1.40x - 1.44x on upside.
the best support is 1.344x level and the best resistance is 1.388x Level.

Don't you hate it when no one actually answers your question?

jpslayer posted:
What will be the impact of Fed Taper on EURUSD pair ?

Dollar will gain further strength against other majors.

Regards, Alexander