We see a short trend trade opportunity continue in the EURUSD:
, and the week’s rise came after the price rejected the support level below just under 105.00 a few weeks ago. These are all bullish signs, and with the chair of the Fed giving a very hawkish speech a few days ago about the need for more rate hikes to fight US inflation, the bullish technical picture is supported by sentiment and monetary policy fundamentals.
The strength of the US Dollar and the technical breakdown we see here, plus fundamental headwinds against the Euro, see. However, it is probably helpful to use relatively widethe GBP/USD currency pairThis pair is technically interesting as it printed the lowest weekly close seen since the coronavirus panic in March 2020.
The strength of the US Dollar and the technical breakdown we see here, plus fundamental headwinds against the Pound, see. However, it is important to use relatively tight
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