and Interest Rates
are the market movers today. Looking at the graph of eurusd
, the price gives us a lot of information, and in this regard, our reading is that traders do not expect a rise in interest rates in June (see SP500 bullish
and bearish Dollar Index
) For the past few months we argue that if there is an increase, we do not see before December.
On the technical side, we see a lot of stop loss in area 1.1050 / 1.1100, if our expectations will find a match, these levels may be processed in the short term, on the contrary we may see a sell-off on eurusd
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