Persistent Powell sends the dollar lower, euro bullish momentum back in focus
Jerome Powell’s testimony in front of the U.S. House Financial Affairs Committee stressed that the Fed anticipates a more gradual pace of rate rises in the future. Markets now factor in just one more 25-bps hike before seeing the Fed pause, while the ECB is on track for another two 25-bps hikes – which are largely priced into market expectations
EURUSD is in a clear downtrend. If it enters the 1.0910 - 1.0920 price zone, the possibility of a reversal is high because that is the current major resistance area.
EURUSD
BUY 1.0910 - 1.0915 💯💯
✅ TP1: 1.0950
✅ TP2: 1.1000
🛑 SL: 1.0880
Jerome Powell’s testimony in front of the U.S. House Financial Affairs Committee stressed that the Fed anticipates a more gradual pace of rate rises in the future. Markets now factor in just one more 25-bps hike before seeing the Fed pause, while the ECB is on track for another two 25-bps hikes – which are largely priced into market expectations
EURUSD is in a clear downtrend. If it enters the 1.0910 - 1.0920 price zone, the possibility of a reversal is high because that is the current major resistance area.
EURUSD
BUY 1.0910 - 1.0915 💯💯 ✅ TP1: 1.0950
✅ TP2: 1.1000
🛑 SL: 1.0880
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Due to speak at the Summit for a New Global Financing Pact, in Paris
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German Flash Manufacturing PMI : 'Actual' greater than 'Forecast' is good for currency
