TradingView
JoeChampion
Apr 16, 2023 3:34 PM

EURUSD Potential Downsides with Fed Waller hawkish comments Short

Euro Fx/U.S. DollarFXCM

Description

Hey Traders, EURUSD was trading in an uptrend and successfully managed to break it out after some expected hawkish comments from fed Waller "Inflation still much high" "Fed hasn't made too much progress on inflation goal, rates need to rise further" which have triggered the Dollar strength and keep us concerned about the next FOMC on early May. Technically we have noticed a break out of the uptrend so we will be watching a potential retrace of the trend from 1.0300 resistance area.
Trade safe, Joe.
Comments
SpartaBTC
The trend is broken. There is a high probability that the price of this asset will continue to fall.
JoeChampion
usmanashfaq
potential terrace from resistance 1.03 or from 1.103 ?
FXNAUWAS
@usmanashfaq 1.103 he means
JoeChampion
@nauwasbashirabdu, Yes correct, 1.103 as mentioned in the chart!
similarTuna31284
I see the euro cratering second half goes sub par . Rates going higher and banks in Europe start going bust. 18 Trillion issued in negative rate bonds!!!
JoeChampion
@similarTuna31284, Thank you for your feedback!
ProjectSyndicate
trade in the green zone, congrats
JoeChampion
DeGRAM
Fantastic work
More