According to what I read EURUSD should go up next week from this range (see chart) but will the bounce be enough to turn the bearish trend the other way - bullish? It is very early yet to say that, maybe we get that bounce and the upside trend stabilizes somehow like, the ECB go out with more aggresive statements for 0.75% hikes, and with tightening more money
but I find it very hard to do at least one of the two actions, because the war in Ukraine, so it will be only words without much action until something else happens. From the other FED is hawkish with more rate hikes for the rest of the year and more tightening on the cards from September.
CPI numbers from Europe is what I'll watch and US NFP at Friday.
Now EU has to break above 1.0089 to move at least 1.0100/50 where the two - 100 & 200 ma's might stop its advance. Below the channel and 0.9901 I think it can go down near 0.9800, but first it has to break out the Weekly S1 level.
4H chart with 50-100-200 ma's

CPI numbers from Europe is what I'll watch and US NFP at Friday.
Now EU has to break above 1.0089 to move at least 1.0100/50 where the two - 100 & 200 ma's might stop its advance. Below the channel and 0.9901 I think it can go down near 0.9800, but first it has to break out the Weekly S1 level.
4H chart with 50-100-200 ma's
Feels right this time!
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