Persistent Powell sends the dollar lower, euro bullish momentum back in focus
Jerome Powell’s testimony in front of the U.S. House Financial Affairs Committee stressed that the Fed anticipates a more gradual pace of rate rises in the future. Markets now factor in just one more 25-bps hike before seeing the Fed pause, while the ECB is on track for another two 25-bps hikes – which are largely priced into market expectations
EURUSD is in a clear downtrend. If it enters the 1.0910 - 1.0920 price zone, the possibility of a reversal is high because that is the current major resistance area.
EURUSD BUY 1.0910 - 1.0915 💯💯
✅ TP1: 1.0950
✅ TP2: 1.1000
🛑 SL: 1.0880
Jerome Powell’s testimony in front of the U.S. House Financial Affairs Committee stressed that the Fed anticipates a more gradual pace of rate rises in the future. Markets now factor in just one more 25-bps hike before seeing the Fed pause, while the ECB is on track for another two 25-bps hikes – which are largely priced into market expectations
EURUSD is in a clear downtrend. If it enters the 1.0910 - 1.0920 price zone, the possibility of a reversal is high because that is the current major resistance area.
EURUSD BUY 1.0910 - 1.0915 💯💯✅ TP1: 1.0950
✅ TP2: 1.1000
🛑 SL: 1.0880
Note
Due to speak at the Summit for a New Global Financing Pact, in ParisNote
German Flash Manufacturing PMI : 'Actual' greater than 'Forecast' is good for currency
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.