Watch how interest rates decisions set trends in EURUSD and Dollar Index impacting the entire forex market.
I marked all the previous interest hike decisions by FED and ECB.
2023 EURUSD bullish reversal was triggerred by ECB starting to raise iterest rates (after EUR hit the alarming 1.00 level). EUR might continue bullish until next tow hikes. From what I read ECB does not plan to hike rates for the rest of the year after May meeting (rates will stay at 4), so it is likely to trigger bearish reversal from May.
Likelwise, 2020 EUR bullish ride (and dollar weakness) was triggerred by FED lowering interest rates (in March 2020) after COVID hit.
FOR EDUCATIONAL PURPOSES ONLY.
Good luck in your trading! God bless!
I marked all the previous interest hike decisions by FED and ECB.
2023 EURUSD bullish reversal was triggerred by ECB starting to raise iterest rates (after EUR hit the alarming 1.00 level). EUR might continue bullish until next tow hikes. From what I read ECB does not plan to hike rates for the rest of the year after May meeting (rates will stay at 4), so it is likely to trigger bearish reversal from May.
Likelwise, 2020 EUR bullish ride (and dollar weakness) was triggerred by FED lowering interest rates (in March 2020) after COVID hit.
FOR EDUCATIONAL PURPOSES ONLY.
Good luck in your trading! God bless!