Folks,
It is a well known fact that as far as FOREX is concerned, the decision makers are the few BIG Institutional Banks. They are IN CHARGE.
The recent FOMC announcement is quite straight forward. +75bps and more coming in 2022/2023. EURUSD will fall. That much is certain. But as you can see, it went up instead. If you look back, you can see this happens all the time. I can think of 2 reasons. First is to clean out those eager short sellers. Second is to buy time so that those BIG banks can sort out their portfolios before the next big move. As you can see, they can do it. But I do not think they can hold it out much longer due to the fact that the rate hike is significant. We are now looking at the possibility of EUR = USD PARITY!!!
Now, lets observe and anticipate the next move. As I said, there is no need to be in a hurry when it comes to trading.
Good luck.
P/S : As always, do not just believe what I say. Use your common sense.
It is a well known fact that as far as FOREX is concerned, the decision makers are the few BIG Institutional Banks. They are IN CHARGE.
The recent FOMC announcement is quite straight forward. +75bps and more coming in 2022/2023. EURUSD will fall. That much is certain. But as you can see, it went up instead. If you look back, you can see this happens all the time. I can think of 2 reasons. First is to clean out those eager short sellers. Second is to buy time so that those BIG banks can sort out their portfolios before the next big move. As you can see, they can do it. But I do not think they can hold it out much longer due to the fact that the rate hike is significant. We are now looking at the possibility of EUR = USD PARITY!!!
Now, lets observe and anticipate the next move. As I said, there is no need to be in a hurry when it comes to trading.
Good luck.
P/S : As always, do not just believe what I say. Use your common sense.
Trade closed: target reached
As anticipated, we hit PARITY.There will be more to come.
Next stop = 0.9800
Watch out for the next rate hike announcement on 27 July 2022. If it is another 75bps, there is no limit where this will end.
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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.