Hi, everyone, hope you guys having good day.
Today, we have big events which will bring big movement on EURUSD chart.
Let's check what those are and how it will affect.
We can see
1. the descending channel has been kept
2. had resistance on 1.01000
3. support near 0.98000
We should check
1. ECB Monetary Policy Statement
2. Fed Chair Powell Speaks
3. ECB President Lagarde Speaks
We can expect
1. short upward moving until resistance on 1.01000
2. by resistance on 1.01000, fall down to 0.98000
3. breaking through 1.01000 and jump upto 1.02000
4. by resistance on 1.02000, fall down to 0.98000
There will be jump up for short because of ECB monetary policy but it won't be long-term.
We,also, should check the Powell's speech after ECB meeting, and this can be a game changer.
Hope you guys have safe trading and this insight is helpful.
Thanks for reading, and let's see how it works.
Today, we have big events which will bring big movement on EURUSD chart.
Let's check what those are and how it will affect.
We can see
1. the descending channel has been kept
2. had resistance on 1.01000
3. support near 0.98000
We should check
1. ECB Monetary Policy Statement
2. Fed Chair Powell Speaks
3. ECB President Lagarde Speaks
We can expect
1. short upward moving until resistance on 1.01000
2. by resistance on 1.01000, fall down to 0.98000
3. breaking through 1.01000 and jump upto 1.02000
4. by resistance on 1.02000, fall down to 0.98000
There will be jump up for short because of ECB monetary policy but it won't be long-term.
We,also, should check the Powell's speech after ECB meeting, and this can be a game changer.
Hope you guys have safe trading and this insight is helpful.
Thanks for reading, and let's see how it works.
