Global stock markets fell on Thursday as US inflation hit 8% and prompted the US Federal Reserve to raise interest rates this week. Sure, we know that if the FED had raised interest rates, it would have make dollar stronger.
I chose USD with the EURO pair, we know that war tensions in Europe have not yet subsided, this can make the euro weaken, Commodity prices there are soaring, the prices of other basic necessities are threatened to be expensive.
If we look at the EURUSD pair: the trend still shows a bearish pattern, and it will continue to be more bearish if the price breaks through the weekly resistance. I target the price to reach its lowest line at 1.06393 (lowest since March 2020 / at the beginning of the "Covid-19 panic")
This is my trading plan, are you still bearish on EURUSD ?
I chose USD with the EURO pair, we know that war tensions in Europe have not yet subsided, this can make the euro weaken, Commodity prices there are soaring, the prices of other basic necessities are threatened to be expensive.
If we look at the EURUSD pair: the trend still shows a bearish pattern, and it will continue to be more bearish if the price breaks through the weekly resistance. I target the price to reach its lowest line at 1.06393 (lowest since March 2020 / at the beginning of the "Covid-19 panic")
This is my trading plan, are you still bearish on EURUSD ?
