EUR/USD - WIll this Resistance break?
Hey tradomaniacs,
after Jerome Powells hawkish speech we`ve seen a turn today as US-DOLLAR got sold off.
Headlines from Powell:
1️⃣ „We will react if inflation lasts longer than we expect..."
2️⃣ "Need price stability in order to achieve full employment and a decenteconomic growth."
3️⃣ "Increasing wages are generally good but could fuel inflation. Wages weren`t rising like that for decades."
4️⃣ "Economy needs no fiscal support anymore."
5️⃣ "We will probably increase the interest rates through the year."
6️⃣ "Inflation will probably last until the middle of the year."
7️⃣ "We will reduce the total assets faster than last time - Will need two or three meetings for a decision."
Don`t know why the market reacts so friendly, probably because market participants were expecting even more hawkish tones.
Do you think EUR/USD will break the resistance?
Let me know what you think!
after Jerome Powells hawkish speech we`ve seen a turn today as US-DOLLAR got sold off.
Headlines from Powell:
1️⃣ „We will react if inflation lasts longer than we expect..."
2️⃣ "Need price stability in order to achieve full employment and a decenteconomic growth."
3️⃣ "Increasing wages are generally good but could fuel inflation. Wages weren`t rising like that for decades."
4️⃣ "Economy needs no fiscal support anymore."
5️⃣ "We will probably increase the interest rates through the year."
6️⃣ "Inflation will probably last until the middle of the year."
7️⃣ "We will reduce the total assets faster than last time - Will need two or three meetings for a decision."
Don`t know why the market reacts so friendly, probably because market participants were expecting even more hawkish tones.
Do you think EUR/USD will break the resistance?
Let me know what you think!
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