The FOMC and ECB have rattled the markets a little with their mutual commitment to continue hiking. However, the USD has the clear advantage 4.75% and the EURO at 3.00%. In my opinion the future outlook for both currencies will be 25 basis point hikes. I am cautiously long and will short at 1.0820 if the chart indicators agree.
I am still working on my short target idea.
I am still working on my short target idea.
Note
I had update my stop during the Asian session to 1.0760, just below the swing low of the current uptrend. 1.0850 on the daily chart could also be targeted for a short entry.Note
Stopped out of my long position. Standing aside for now.
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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.