A simple EUR USD Short -30 Jun 2023
Intraday Speculative Trade
Macro Outlook: 29th June 2023
1) Fed expected to remain more hawkish ( Bostic, A Dove, feels this is only the beginning of tightening
2) US GDP Final (Q1) 2.0% vs 1.4% (Expected) & GDP Sales Q1(4.2%) vs 3.5% (Expected) 3.4% (Previous)
Technical Confluences
1. Multiple Order Flow from Supply to Supply
2. Inflation Fears from Yesterday's data amplified the hawkish Fed outlook
3. Flip from short-term demand to supply on 1 Min timeframe
4. EMA 51 Retest which is an additional confluence
5. Target of 1:6 at 1.0854 reached
6. Entry at 1.08678
Macro Outlook: 29th June 2023
1) Fed expected to remain more hawkish ( Bostic, A Dove, feels this is only the beginning of tightening
2) US GDP Final (Q1) 2.0% vs 1.4% (Expected) & GDP Sales Q1(4.2%) vs 3.5% (Expected) 3.4% (Previous)
Technical Confluences
1. Multiple Order Flow from Supply to Supply
2. Inflation Fears from Yesterday's data amplified the hawkish Fed outlook
3. Flip from short-term demand to supply on 1 Min timeframe
4. EMA 51 Retest which is an additional confluence
5. Target of 1:6 at 1.0854 reached
6. Entry at 1.08678
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