RLinda ! EURUSD-> Equal forces in the marketplace. What's next?
EUR/USD is rising and showing sustained inflationary pressures in the economy and increasing pressure on the European Central Bank to keep raising interest rates despite the apparent slowdown in the euro zone economy.
Europe's central bank is set to raise borrowing costs by 75 basis points at its next two meetings in October and December
The U.S. Federal Reserve is expected to continue raising interest rates sharply at its next meeting in early November in an attempt to rein in red-hot inflation.
The 10-year U.S. Treasury bond yield rose to 4% Thursday morning, while the 2-year Treasury bond yield hit a 15-year high of 4.6%.
On the EURUSD chart, we see the formation of a triangle, which should indicate neutrality on the part of buyers and sellers, the price moves into a consolidation phase and everyone is waiting for the press release results.
It is worth taking into account the direction of the global trend and speculate in which direction a breakdown of the pattern may occur.
Regards R. Linda!
Europe's central bank is set to raise borrowing costs by 75 basis points at its next two meetings in October and December
The U.S. Federal Reserve is expected to continue raising interest rates sharply at its next meeting in early November in an attempt to rein in red-hot inflation.
The 10-year U.S. Treasury bond yield rose to 4% Thursday morning, while the 2-year Treasury bond yield hit a 15-year high of 4.6%.
On the EURUSD chart, we see the formation of a triangle, which should indicate neutrality on the part of buyers and sellers, the price moves into a consolidation phase and everyone is waiting for the press release results.
It is worth taking into account the direction of the global trend and speculate in which direction a breakdown of the pattern may occur.
Regards R. Linda!
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