Dear followers,
From lesson 32 yesterday, we discuss that as far as EURUSD is concerned, SELLERS are currently in control.
The million dollar question is, when will BUYERS be in control again?
The answer is obviously knowing when the FED will pivot - stop raising rates!!!
One of the clear indication when this might happen is by looking at the MARKET. The MARKET always tell the truth. This can be seen from the US02Y, which is reflective of short term interest rate condition. Currently, it is trading above the 50MA. Once it drops below 50MA, this might be an indication from the market that the FED may be pausing its rate hikes. This is when we need to be careful in our trades and start to slow down our EURUSD sell orders.
P/S : As always, do not just believe what I say. Use your common sense.
From lesson 32 yesterday, we discuss that as far as EURUSD is concerned, SELLERS are currently in control.
The million dollar question is, when will BUYERS be in control again?
The answer is obviously knowing when the FED will pivot - stop raising rates!!!
One of the clear indication when this might happen is by looking at the MARKET. The MARKET always tell the truth. This can be seen from the US02Y, which is reflective of short term interest rate condition. Currently, it is trading above the 50MA. Once it drops below 50MA, this might be an indication from the market that the FED may be pausing its rate hikes. This is when we need to be careful in our trades and start to slow down our EURUSD sell orders.
P/S : As always, do not just believe what I say. Use your common sense.
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.
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.