The Fed statement was music to BNPP’s ears and their long EURUSD position
They’re long at 1.1290 looking for 1.1600 and have a stop at 1.1140. Altogether I don;t disagree with their thinking. The question is can they get to their target before June? Whatever happens in June it won’t stop USD bulls from getting ants in their pants about loading up for the meeting. Give or take a few cents, they’re in the middle of their risk/reward numbers.