EURUSD: "...It's not over yet!!"

The title of this analysis reproduces with a clear synthesis the key concept about the FED's monetary policy. The inflation data released in recent weeks should not mislead us, the core data still remains high. My view at the moment is that Fed will still be hawkish through late 2023, so I expect more rate hikes at upcoming meetings.
The banking sector is holding up well after Yellen reassured the markets several times about a potential banking crisis, and I also think the sector will not lack liquidity, at least for 2023. The US currency may have found a short-term bottom, but we need 1-2 sessions to confirm it. EURUSD pair is still trading below its previous top, but should remain structurally well supported in medium-term.
With this in mind, in next update we will try to follow the pair also from a technical point of view on intraday chart (setup).

Trade with care!
Like if my analysis is useful.
Cheers!

تعليق:

تعليق:

short term updates on 1H chart
(Click and Play on chart below)