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jas9360

Looks to me, there will be a double bottom to confirm.

Long
Euro / U.S. Dollar (FX:EURUSD)  
jas9360 Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Fundamental Analysis
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trendanalysis fundamental
USD to devalue, after double-bottom. Go long Eur/Usd
Comment:
given that the target rate, and expected target rate are not in alignment, i will assume yet another interest-rate hike, to 'tame inflation'.
information lag with regards to the Federal Reserve decision-making, will almost certainly include another rate-hike. therefore, although the momentum is still going to be to the down-side, i see things still from a long position view.
Comment:
Consensus seems to be: the USD will continue to rise, due entirely to the Fed's actions.
Comment:
Russia's gas-supply cut, causing the USD to rise relative to the Euro.
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