Looks to me, there will be a double bottom to confirm.
USD to devalue, after double-bottom. Go long Eur/Usd
Note
given that the target rate, and expected target rate are not in alignment, i will assume yet another interest-rate hike, to 'tame inflation'.information lag with regards to the Federal Reserve decision-making, will almost certainly include another rate-hike. therefore, although the momentum is still going to be to the down-side, i see things still from a long position view.
Note
Consensus seems to be: the USD will continue to rise, due entirely to the Fed's actions.Note
Russia's gas-supply cut, causing the USD to rise relative to the Euro.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.