[EUR] Short Bias is still Available

EUR/USD 4-hour chart, source:forexfactory.com

One of the major currency pair, EUR/USD tried to break through the previous peak last week. It reached 1.0630, over the peak on February 20, temporarily but it failed to turn the trend according to forexfactory.com.

The trend of strong U.S. dollar is still available, it is needed to watch the market with short bias of EUR/USD.

Members of Fed seem to agree the benchmark rate's rising. Even members who have supported finance easing reportedly change their opinion. English media Financial Times reported that Feb board has hawkish bias and traders in financial market expect the hike of benchmark interest rate on Tuesday.

The rise of interest rate is powerful event to currency price. Anticipated Fed's decision will lead the strong greenback.

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