EURUSD Divergence Galore
Technical analysis:
If price does not close (in 1H TF) below 1.0813, high probability price move up towards 1.10
Fundamental analysis:
Post ECB meeting pushback on rate cuts in April 2024, analysts still expect rate cuts in April. Euro pushed down initially but bounced back on April rate cut expectations.
I suspect the Fed on Wed will pushback on rate cuts in March 2024. The USD will push higher initially, then have a pullback as analysts will double down on March rate cut expectations.
- Obvious divergence in the 4H TF
- Hidden divergence in 1D TF
- Liquidity grab completed
If price does not close (in 1H TF) below 1.0813, high probability price move up towards 1.10
Fundamental analysis:
Post ECB meeting pushback on rate cuts in April 2024, analysts still expect rate cuts in April. Euro pushed down initially but bounced back on April rate cut expectations.
I suspect the Fed on Wed will pushback on rate cuts in March 2024. The USD will push higher initially, then have a pullback as analysts will double down on March rate cut expectations.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.