FXE update ECB Press Conference

FXE tracks the Euro currency. Christine Lagarde reiterated no rate hike decision at today's ECB Press Conference. Although she keeps saying no rate hike in March or in 2022 for that matter, she did say the governing council are concerned about short term inflation and asset purchases have to be completed before any rate hike. Here's a 4hr chart, 4-month view: I'm short from R3. A change in newsworthy current events has a direct impact on currency, so stay in tune.

2 week high = $106.54
2 week low = $103.43
52 week high = $114.81
52 week low = $103.40

SMA200 = $106.85
SMA150 = $105.96
SMA100 = $105.11
SMA50 = $105.16

breakout = $105.77
R3 = $105.36
R2 = $104.94
R1 = $104.52
pivot = $104.11
S1 = $103.69
S2 = $103.28
S3 = $102.86
breakdown = $102.44

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com/u/growerik/