I am speculating about seeing more selloffs in EURUSD; this is the daily timeframe.
We could see price in a declining channel. Also, the 20 and 50EMA are acting as a dynamic resistance.
Fundamentally; the latest reported inflation data shows there was an increase thus the FED will most likely increase the interest rate in their next interest rate policy meeting.
We could see price in a declining channel. Also, the 20 and 50EMA are acting as a dynamic resistance.
Fundamentally; the latest reported inflation data shows there was an increase thus the FED will most likely increase the interest rate in their next interest rate policy meeting.