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jvrfxalerts

IDEA EUR/USD LONG AND THEN SHORT 2/5/23 5.01PM PDT

Euro / U.S. Dollar (FOREXCOM:EURUSD)  
jvrfxalerts Updated   
FOREXCOM:EURUSD   Euro / U.S. Dollar
Chart Patterns Technical Indicators Fundamental Analysis
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chartpattern indicator fundamental
The FOMC and ECB have rattled the markets a little with their mutual commitment to continue hiking. However, the USD has the clear advantage 4.75% and the EURO at 3.00%. In my opinion the future outlook for both currencies will be 25 basis point hikes. I am cautiously long and will short at 1.0820 if the chart indicators agree.
I am still working on my short target idea.
Comment:
I had update my stop during the Asian session to 1.0760, just below the swing low of the current uptrend. 1.0850 on the daily chart could also be targeted for a short entry.
Comment:
Stopped out of my long position. Standing aside for now.
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