The ECB raised its base rate to 4% this month and President Christine Lagarde has said that another hike next month would be appropriate given that inflation has been so high for so long.
Of course, the Fed acted ahead of the ECB and has taken more action, but the current likely interest rate roadmap looks quite supportive for a currency.
After 2 days of running stably in the 1.0910 - 1.0930 price zone, EURUSD broke through and headed to the 1.0985 - 1.0990 price zone.
There is a high risk that EURUSD will fall to the price range of 1.0955 - 1.0945 after the recent swing high after the actions of the Fed.
EURUSD
SELL 1.0987 - 1.0992💯💯
✅ TP1: 1.0955
✅ TP2: 1.0945
🛑 SL: 1.1010
Of course, the Fed acted ahead of the ECB and has taken more action, but the current likely interest rate roadmap looks quite supportive for a currency.
After 2 days of running stably in the 1.0910 - 1.0930 price zone, EURUSD broke through and headed to the 1.0985 - 1.0990 price zone.
There is a high risk that EURUSD will fall to the price range of 1.0955 - 1.0945 after the recent swing high after the actions of the Fed.
EURUSD
SELL 1.0987 - 1.0992💯💯 ✅ TP1: 1.0955
✅ TP2: 1.0945
🛑 SL: 1.1010
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