Hello traders
In the coming week, important economic news will be published, which have a red color in terms of importance. (You can check them out on the Forex Factory website).
With the increase in the interest rate of the dollar, we saw its growth against other currencies.
In my opinion, the market tends to equalize the value of the dollar and the euro.
In terms of technical analysis, the price has reached a range where 2 harmonic patterns exist simultaneously. An ABCD pattern and a crab pattern
I think that even if the trend does not return, there will be a correction in this range and it will go to the previous price floor that was done on September 22 . But it still has the potential to increase.
This price increase will begin with the speech of Lagarde, the head of the European Central Bank.
I hope this analysis is correct . I am looking for profits of 100 to 150 pips.
References:
European Central Bank President Lagarde speech
Federal Reserve Chairman Powell speech
In the coming week, important economic news will be published, which have a red color in terms of importance. (You can check them out on the Forex Factory website).
With the increase in the interest rate of the dollar, we saw its growth against other currencies.
In my opinion, the market tends to equalize the value of the dollar and the euro.
In terms of technical analysis, the price has reached a range where 2 harmonic patterns exist simultaneously. An ABCD pattern and a crab pattern
I think that even if the trend does not return, there will be a correction in this range and it will go to the previous price floor that was done on September 22 . But it still has the potential to increase.
This price increase will begin with the speech of Lagarde, the head of the European Central Bank.
I hope this analysis is correct . I am looking for profits of 100 to 150 pips.
References:
European Central Bank President Lagarde speech
Federal Reserve Chairman Powell speech
Trade closed: stop reached