Inflation in the USA is soaring and the FED is taking steps to address this. As long as the ECB keeps its dovish stance towards tapering QE or increasing interest rates, the direction will remain unchanged. The price might create some corrective waves but I am confident we will see 1.0500 by the end of May 2022.
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Trade closed: target reached
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Both TP1 and TP2 hit and the euro came to parity with the dollar in July 2022.