Recent data revealed in the last weeks a hard time for EUR to keep up with the USD strenght.
Since last week with the CPI and Core CPI data showed to us this is not a fair fight againts the mighty dollar
I forecast with tomorrow increase of the interest rate for USD with another 75 bps to lead towards 0.99 on the EURUSD pair.
P.S. while i was trying to create...
I will go with a sell counting on the US gov claims that they are not into a recession,if the CPI and core CPI will be bad,meaning they were selling only lies,will go up ,there for is good to manage the risk and be ready for any scenario
Heading down in steps and you will have the chance for scalp and re-enter on higher lows that will be created . Of course nothing is grated to manage your risk accordingly
Already couple of big tech dissappointed on earnings but was not enough to trigger the downtrend due to fomc meeting and other reasons
Today as main-event earnings will be APPLE and AMAZON which can be the trigger to this ,so called "DATE" with the 12000$ mark
Of course nothing is guaranteed since market show some strenght lately.
In the following days i expect to start sliding towards parity.
A big help can be today the "Advance GDP" that will be published at 12:30 UTC
I trade multiple pairs corelated with this and you can do the same if you wish
Place your stop loss on the level you afford to sustain and enjoy the rewards
* the comment section can be an open discussion for other questions
