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On December FED announced 3 rate hikes for the year of 2022, also bond purchasing program will be decreased in amounts.
ECB lately announced continuation of the bond buying program and no rate hikes projected for 2022.
On December FED announced 3 rate hikes for the year of 2022, also bond purchasing program will be decreased in amounts.
ECB lately announced continuation of the bond buying program and no rate hikes projected for 2022.
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The first trade from the level of 1.1320 resulted in BE.
Now, I took the risk selling the pair from the level of 1.1335. Find the reasons below.
1. Price is at 8h SMA, meaning that price may struggle at that level and fall.
2. There is strong resistance level at 1.1350. Price touched that level but couldn't close above. Bearish signal.
3. On 1h time frame price had a strong impulse and momentum on the level of 1.1240 and relying on that impulse I suggest that price may revisit that area.
4. Despite it may look complicated price is still having in tact sell setup on 1h.
Now, I took the risk selling the pair from the level of 1.1335. Find the reasons below.
1. Price is at 8h SMA, meaning that price may struggle at that level and fall.
2. There is strong resistance level at 1.1350. Price touched that level but couldn't close above. Bearish signal.
3. On 1h time frame price had a strong impulse and momentum on the level of 1.1240 and relying on that impulse I suggest that price may revisit that area.
4. Despite it may look complicated price is still having in tact sell setup on 1h.
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If the buy setup will be formed short term buy trade can be taken.
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EURUSD is leading Nikkei
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USDJPY is leading EURUSD
USDJPY made a new high on JAN 5 but EURUSD has not completed the one more new low. The next target for EURUSD is 1.1200 and may be afterwards 1.1100.
USDJPY made a new high on JAN 5 but EURUSD has not completed the one more new low. The next target for EURUSD is 1.1200 and may be afterwards 1.1100.
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Same low or a new low
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EURCHF is also leading EURUSD and that may form a new sell setup.
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EURUSD completed its move exactly as EURCHF.
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Divergence on top needed for the price to start falling.
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Divergence on top is must have before going down. Bullish momentum is very strong, needs to ease.
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Short term buy trade is possible. Watch the correction to complete.
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Watch the development of the correction. If there will be a buy setup consider buying.
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