Hey, traders. Thank you for the comments and boosts.
Today's chart is EURO. Let's check it quickly.
We can see
1. the price had broken descending channel.
2. short-term ascending channel.
3. resistance on 1.07000 and overlapped support on 1.04500
We should check
Thursday - EU Leaders Summit, BoE MPC Meeting Minutes, ECB Monetary Policy Statement, ECB Interest Rate Decision, US Core Retail Sales, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index, ECB Press Conference, ECB President Lagarde Speaks
Friday - EU CPI
We can expect
1. dropping to 1.04500 by reistance on 1.07000
2. rebounding from overlapped support on 1.04500
Finally, FOMC meeting finished and we could know how Fed will control Inflation.
For now, Fed will keep their hawkish stance and it will make dollar price goes up.
Also, chart shows Euro is on the top price of the ascending channel.
It is chance to have short position.
Let's see if the price moves as I analyzed.
Thank you for reading and hope this insight was helpful.
Today's chart is EURO. Let's check it quickly.
We can see
1. the price had broken descending channel.
2. short-term ascending channel.
3. resistance on 1.07000 and overlapped support on 1.04500
We should check
Thursday - EU Leaders Summit, BoE MPC Meeting Minutes, ECB Monetary Policy Statement, ECB Interest Rate Decision, US Core Retail Sales, US Initial Jobless Claims, Philadelphia Fed Manufacturing Index, ECB Press Conference, ECB President Lagarde Speaks
Friday - EU CPI
We can expect
1. dropping to 1.04500 by reistance on 1.07000
2. rebounding from overlapped support on 1.04500
Finally, FOMC meeting finished and we could know how Fed will control Inflation.
For now, Fed will keep their hawkish stance and it will make dollar price goes up.
Also, chart shows Euro is on the top price of the ascending channel.
It is chance to have short position.
Let's see if the price moves as I analyzed.
Thank you for reading and hope this insight was helpful.
