EURUSD| Whey So Many Trading Scenarios?
Today we have to see many scenarios in EURUSD.
It's a bit of a confusing situation because we have the FOMC in three days.
However, this is not the whole problem.
EURUSD is again close to the Parity price level and this
is a critical point for the EURO.
As long as the price is testing 1.000 several times, we may see further declines and this will not be good for the EURO.
The bearish move will also be supported by the strong downtrend and FOMC expectations as well.
On the other hand, the market expects the FOMC to hike by 0.75% or 75 bps the interest rate, considering that the CPI numbers were reported higher than expected.
So we just have to wait and see what the Fed will decide to do. Does the FED want to have a strong dollar in the coming months?
In my opinion, it is better not to trade EURUSD at all given the mess this chart is already showing.
Too many scenarios are not a good idea to trade the market even with a solid plan.
However, this is just my opinion.
Thanks and good luck!
Today we have to see many scenarios in EURUSD.
It's a bit of a confusing situation because we have the FOMC in three days.
However, this is not the whole problem.
EURUSD is again close to the Parity price level and this
is a critical point for the EURO.
As long as the price is testing 1.000 several times, we may see further declines and this will not be good for the EURO.
The bearish move will also be supported by the strong downtrend and FOMC expectations as well.
On the other hand, the market expects the FOMC to hike by 0.75% or 75 bps the interest rate, considering that the CPI numbers were reported higher than expected.
So we just have to wait and see what the Fed will decide to do. Does the FED want to have a strong dollar in the coming months?
In my opinion, it is better not to trade EURUSD at all given the mess this chart is already showing.
Too many scenarios are not a good idea to trade the market even with a solid plan.
However, this is just my opinion.
Thanks and good luck!
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✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.