Go baby! Go!Inflation in the USA is soaring and the FED is taking steps to address this. As long as the ECB keeps its dovish stance towards tapering QE or increasing interest rates, the direction will remain unchanged. The price might create some corrective waves but I am confident we will see 1.0500 by the end of May 2022.
Shorteurusd
Short EURUSD To Around $0.99An analysis of a variety of time frames ranging from the daily to the monthly month time frame suggests that the EURUSD price will continue to be observed in a down trending environment, which started June, 2021. In July, 2022, the EURUSD price may find support around $0.99xxx and resistance around $1.03xxx.
In the daily time frame, the EURUSD may continue to fall to around $1.00xxx or $1.01xxx before turning up around July 12.
This is not financial advice. I am not your financial advisor. This is my opinion.
EUR USD 100 pips short position By looking for the looming news, at this point, speculative interest has priced in that the US Federal Reserve will likely announce a doubling of its bond-buying program tapering. The Fed decided in November that the economy was strong enough to trim financial support, particularly as inflationary pressures remain high. The central bank announced it would reduce the pace by $15 billion a month, $10 billion in Treasuries, and $5 billion in mortgage-backed securities.
On the other hand, the European Central Bank has maintained a wait-and-see stance, with President Christine Lagarde noting that a rate hike would be unlikely in 2022.
I expect to see the price continuing to fall for the month of December,
we can sell EURUSD now
EUR-USD position
1.12877- 1.12915 sell order
Targeting 100 pips
1.11960 - 1.12000
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1.13380 - 1.13400 sell limit just in case the pairs made some reversal moves in the coming news
GBPUSD SHORT POSITIONAccording to 4h downtrend, Fibonacci, and 50 EMA of GBPUSD chart we have 3 level of TPs with partial exits including:
TP1: 1.3643 with 70% partial exit
TP2: 1.3615 with 70% partial exit of remaining (21% of total)
TP3: 1.3578 with 100% partial exit of remaining (9% of total)
and SL is 1.389
Notice: In half way of SL (when stop loss area Proceeds 50%) (HERE IS 1.382) you can double your size and put TPs as bellow:
TP1: 1.375
TP2: 1.364
TP3: 1.3615
Wish you Profit and success