2 scenarios for the EURUSD.
1st scenario, with a 60% probability, decline to the channel support line in the price range of 1.01930.
Entry around 1.01930, with the first target of 1.02450 and the 2nd target of 1.02785.
In the 2nd scenario, upward movement with high acceleration,
The first target is 1.02785 and the second target is monthly resistance at 1.03850
Goodluck
The EuroDollar futures market is pricing in rate hikes as seen by the upward slope on the left, but the peak of the curve (contracts which expire in June and September of 2023) suggests that investors believe rates will reach their high and then go down after that and keep going down well into the foreseeable future.
This is an ominous sign that the Federal...
