Hello
This week, there is a possibility of an increase in the interest rate of the dollar.
Given that inflation expectations will increase in April, I expect the dollar to strengthen against the euro.
My first target is the price of 1.05750, but I think that in the future the price will go beyond the floor formed on March 15.
From the point of view of technical analysis, there is a confrontation between two daily and weekly Ichimoku clouds in this area, and the possibility of price resistance with it is high.
Thanks for watching this idea.
This week, there is a possibility of an increase in the interest rate of the dollar.
Given that inflation expectations will increase in April, I expect the dollar to strengthen against the euro.
My first target is the price of 1.05750, but I think that in the future the price will go beyond the floor formed on March 15.
From the point of view of technical analysis, there is a confrontation between two daily and weekly Ichimoku clouds in this area, and the possibility of price resistance with it is high.
Thanks for watching this idea.
Trade closed: stop reached