IDEA EUR/USD LONG AND THEN SHORT 2/5/23 5.01PM PDT

The FOMC and ECB have rattled the markets a little with their mutual commitment to continue hiking. However, the USD has the clear advantage 4.75% and the EURO at 3.00%. In my opinion the future outlook for both currencies will be 25 basis point hikes. I am cautiously long and will short at 1.0820 if the chart indicators agree.
I am still working on my short target idea.

ความคิดเห็น:

I had update my stop during the Asian session to 1.0760, just below the swing low of the current uptrend. 1.0850 on the daily chart could also be targeted for a short entry.

ความคิดเห็น:

Stopped out of my long position. Standing aside for now.