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Just as when the market is getting into the mood for a year end rally, the wet blanket thrown by Jerome Powell in yesterday speech took the major indices down quite heavily. This invariably also means funds, more funds will continue to move to US dollar since it is paying a higher interest rates than our EUR counterparts.
Thus, I believe EURUSD will break down from the bullish trend in this 4H chart (wait for it ) and will take a short position later.
Please DYODD
Just as when the market is getting into the mood for a year end rally, the wet blanket thrown by Jerome Powell in yesterday speech took the major indices down quite heavily. This invariably also means funds, more funds will continue to move to US dollar since it is paying a higher interest rates than our EUR counterparts.
Thus, I believe EURUSD will break down from the bullish trend in this 4H chart (wait for it ) and will take a short position later.
Please DYODD
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first profit then SL hit, haha