Hi there,
News Feed | The US economic strength supports the dollar. The inflation in other countries grows, and central banks have to hike interest rates, pressing down the GDP. As a result, the greenback continues to strengthen.
-Okay, so as a result, we should expect some bearishness in paired USD markets and keep an eye on what happens in the Eurozone's fundamentals.
Over Technicals, the trend is bullish, making higher highs and higher lows. I've drawn fib values in the indicator, and we see a base of 0.786 as a demand area which is supported by the 0.168 pulsing bullish with bullish pressure.
We might see a pullback, but if it falls so far as to break 107.588, then the setup will be invalid.
There are two price targets ahead, projected over the bullish trendline.
.
Khiwe
On this profile page, the shared analysis, ideas, and strategy of a chart belong to Khiwe, with some being influenced. The technical setups are speculative; they are not guaranteed for accuracy or completeness in the form of any content, and they are not intended to provide financial market advice. Please apply your own analysis and confirm it with price action.
News Feed | The US economic strength supports the dollar. The inflation in other countries grows, and central banks have to hike interest rates, pressing down the GDP. As a result, the greenback continues to strengthen.
-Okay, so as a result, we should expect some bearishness in paired USD markets and keep an eye on what happens in the Eurozone's fundamentals.
Over Technicals, the trend is bullish, making higher highs and higher lows. I've drawn fib values in the indicator, and we see a base of 0.786 as a demand area which is supported by the 0.168 pulsing bullish with bullish pressure.
We might see a pullback, but if it falls so far as to break 107.588, then the setup will be invalid.
There are two price targets ahead, projected over the bullish trendline.
.
Khiwe
On this profile page, the shared analysis, ideas, and strategy of a chart belong to Khiwe, with some being influenced. The technical setups are speculative; they are not guaranteed for accuracy or completeness in the form of any content, and they are not intended to provide financial market advice. Please apply your own analysis and confirm it with price action.
Trade closed: target reached:
Okay.