This week Europe and the United States are focus on releases of important economic data and speeches which certainly have a high impact on the EURUSD market.
Here are 2 scenarios that can occur. The price is still moving in a bearish channel approaching the resistance area.
the ECB is trying to immediately tighten policy amid the energy crisis and military threats, on the other hand the Fed is still hawkish, Powell could say that the economy is getting better with optimism, but spending and labor data will tell the truth. So, let's wait and see.
good luck!
Here are 2 scenarios that can occur. The price is still moving in a bearish channel approaching the resistance area.
the ECB is trying to immediately tighten policy amid the energy crisis and military threats, on the other hand the Fed is still hawkish, Powell could say that the economy is getting better with optimism, but spending and labor data will tell the truth. So, let's wait and see.
good luck!
