๐ฐ Pair Name : EUR/USD
๐ฐ Time Frame : 1H/4H
๐ฐ Scale Type : MID Scale
๐ฐ Direction : SHORT/SELL
๐๐ EURUSD Technical Analysis ๐๐
Greetings fellow traders! ๐๐ Taking a purely technical perspective on EURUSD, we observed a significant plummet yesterday, attributed in part to the FOMC minutes. This abrupt decline left a residual liquidity trail, indicating a market imbalance that calls for re-equilibration. ๐โ๏ธ Before entertaining the possibility of further downward movements, we anticipate a potential price correction towards, or even to, the lower bounds of the daily demand zone. ๐โ๏ธ
๐ฐ On the fundamental front, we've attached a relevant article discussing the FOMC meeting briefing. Over the next six weeks, brace yourselves for a potent USD rally, potentially spurred by apprehensions surrounding the Fed's contemplation of interest rate hikes. ๐ฆ๐ผ
Remember, trading prudently is paramount. Always prioritize risk management and informed decision-making. ๐ก๏ธ๐ก Trade wisely and stay vigilant. ๐๐ฐ
#EURUSDAnalysis #TechnicalPerspective #FundamentalOutlook #StayInformed #TradeSafely ๐๐๐ฐ๐ผ๐๐ก๏ธ
๐ฐ Time Frame : 1H/4H
๐ฐ Scale Type : MID Scale
๐ฐ Direction : SHORT/SELL
๐๐ EURUSD Technical Analysis ๐๐
Greetings fellow traders! ๐๐ Taking a purely technical perspective on EURUSD, we observed a significant plummet yesterday, attributed in part to the FOMC minutes. This abrupt decline left a residual liquidity trail, indicating a market imbalance that calls for re-equilibration. ๐โ๏ธ Before entertaining the possibility of further downward movements, we anticipate a potential price correction towards, or even to, the lower bounds of the daily demand zone. ๐โ๏ธ
๐ฐ On the fundamental front, we've attached a relevant article discussing the FOMC meeting briefing. Over the next six weeks, brace yourselves for a potent USD rally, potentially spurred by apprehensions surrounding the Fed's contemplation of interest rate hikes. ๐ฆ๐ผ
Remember, trading prudently is paramount. Always prioritize risk management and informed decision-making. ๐ก๏ธ๐ก Trade wisely and stay vigilant. ๐๐ฐ
#EURUSDAnalysis #TechnicalPerspective #FundamentalOutlook #StayInformed #TradeSafely ๐๐๐ฐ๐ผ๐๐ก๏ธ
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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.