ICFX

ECB Hikes Driven Uptrend

Long
FX:EURUSD   Euro / U.S. Dollar
2023 might be one of the most violatile years in eur history as it is a long time since we saw such agressive hikes on the part of ECB during every meeting.
This will be pushing EUR further up. Traditional pivot R1 resistance is even higher than 1.15. Price is likely to end somewhat above 1.15 (above yearly Camarilla R3).

FOR EDUCATIONAL PURPOSES ONLY.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.