Russia and Ukraine could reach an agreement. This, combined with the upcoming FOMC meeting on Wednesday, which is expected to raise interest rates by around +.25%, could weaken the US market against the Euro, while Nasdaq-listed technology sectors are very sensitive to this announcement.
Technically,
- EURUSD shapes a nice daily W pattern depending on the coming hours.
- RSI bounced back to its 14 periods SMA with a slight strengthening of EUR currency.
- The Kijun of Ichimoku is closed to the resistance 1.11300 and might be tested very soon but first the price should cross the tenkan.
However the strength of the US market should be taken into account and this pattern might be a short-term correction before a continuation of the decline of EURUSD.
Technically,
- EURUSD shapes a nice daily W pattern depending on the coming hours.
- RSI bounced back to its 14 periods SMA with a slight strengthening of EUR currency.
- The Kijun of Ichimoku is closed to the resistance 1.11300 and might be tested very soon but first the price should cross the tenkan.
However the strength of the US market should be taken into account and this pattern might be a short-term correction before a continuation of the decline of EURUSD.
Trade closed: target reached
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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.