EUR/USD: FED with chance of policy monetary tightening
Updated
For tomorrow, we have 2 important news in U.S. Dollar about Consumer Price Index and Initial Jobless Claims in USA. But, I interesting that you read these sentence:
>>>key inflation data which could confirm the start of the Federal Reserve’s policy tightening process.
>>> Investors have been revising their forecasts for ECB rate hikes after the bank caught them off guard last week, with President Christine Lagarde flagging for the first time that monetary tightening was a possibility this year.
>>>The Consumer Price Index print may offer new indications about the pace of the Federal Reserve's monetary tightening, and investors are bracing for higher-than expected numbers that would signal more aggressive rate hikes.
So, we have a similar situation in the past week that the European Central Bank President and Mrs. Christine Lagarde made an awesome Euro rally in the Forex market when the past week Lagarde announce it.
So, Federal Reserve want to make a tighening in their policy monetary in America as inflation data may to confirm it to begin it the aggresive rates hikes.
So, this it's just my sight in this market.
I look Euro bearish in front of U.S. Dollar
Now, I add this screenshot in H1 timeframe where I look that Euro/U.S. Dollar forming this bearish channel flag in H1 as investor await for tomorrow the important news in U.S. Dollar. There're some sentiment in the market that investor it's put in eyes in the possible tightening in the USA economy for here and the next months.
But, You can to look in H4 good that we could to make a bearish signal or sell-off in Euro. So guys, the details of my trading are here. I entry around of $1.1426 USD and my SL at $1.1460 USD (-34 pips) and my Target to $1.1318 USD (+110 pips)
>>>key inflation data which could confirm the start of the Federal Reserve’s policy tightening process.
>>> Investors have been revising their forecasts for ECB rate hikes after the bank caught them off guard last week, with President Christine Lagarde flagging for the first time that monetary tightening was a possibility this year.
>>>The Consumer Price Index print may offer new indications about the pace of the Federal Reserve's monetary tightening, and investors are bracing for higher-than expected numbers that would signal more aggressive rate hikes.
So, we have a similar situation in the past week that the European Central Bank President and Mrs. Christine Lagarde made an awesome Euro rally in the Forex market when the past week Lagarde announce it.
So, Federal Reserve want to make a tighening in their policy monetary in America as inflation data may to confirm it to begin it the aggresive rates hikes.
So, this it's just my sight in this market.
I look Euro bearish in front of U.S. Dollar
Now, I add this screenshot in H1 timeframe where I look that Euro/U.S. Dollar forming this bearish channel flag in H1 as investor await for tomorrow the important news in U.S. Dollar. There're some sentiment in the market that investor it's put in eyes in the possible tightening in the USA economy for here and the next months.
But, You can to look in H4 good that we could to make a bearish signal or sell-off in Euro. So guys, the details of my trading are here. I entry around of $1.1426 USD and my SL at $1.1460 USD (-34 pips) and my Target to $1.1318 USD (+110 pips)
Trade closed: stop reached
The movement was manipulated after the news. It's supposed to down but hit the previously higher at $1.1480 USD. But maybe, my trade was almost good and my forecast was good, just that technically this was manipulated as I'm shorting Euro in front of U.S. Dollar
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