Euro / U.S. DollarShort
EUR/USD short: The Man has spoken
Hello traders
Yes, Chair Powell, has spoken. The FOMC is not in any hurry to cut rates.
He also refused to comment on the promised Trump tariffs since there is no data reflecting that.
The next rate cut is now projected by CME Fedwatch (Federal Funds Futures) not to happen until the June 18th FOMC meeting.
Ms. Christine Lagarde is our next speaker after the ECB rate decision and while it will be prudent to wait until she has explained the ECB stance on future rate decisions, I believe the writing is on the wall for further EUR/USD decline.
The charts reflect the important support and resistance levels.
My previous Idea also expands on where we are heading.
Yes, Chair Powell, has spoken. The FOMC is not in any hurry to cut rates.
He also refused to comment on the promised Trump tariffs since there is no data reflecting that.
The next rate cut is now projected by CME Fedwatch (Federal Funds Futures) not to happen until the June 18th FOMC meeting.
Ms. Christine Lagarde is our next speaker after the ECB rate decision and while it will be prudent to wait until she has explained the ECB stance on future rate decisions, I believe the writing is on the wall for further EUR/USD decline.
The charts reflect the important support and resistance levels.
My previous Idea also expands on where we are heading.
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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.