Hey tradomaniacs,
EUR/USD is testing a nice resistance-zone to go short.
Todays statements by FED Bullard was pretty hawkish as he aims for rates
between 5% -7%.. so long way to go and more rate-hikes probably incoming.
Orderflow is not 100% clear but it starts to turn bearish as bullish volume slowly fades.
What do you think?
EUR/USD is testing a nice resistance-zone to go short.
Todays statements by FED Bullard was pretty hawkish as he aims for rates
between 5% -7%.. so long way to go and more rate-hikes probably incoming.
Orderflow is not 100% clear but it starts to turn bearish as bullish volume slowly fades.
What do you think?
Note
Basically no follow ups after strong momentum with high volume and high positive delta showing potential exthaustion here.
No more high volume nor aggressive buyers or frontpushing with absorption.
Exthaustions tend to cause reversals!
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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.