Fed rate hikes are increasing fear among investors leading to panic selling in the market, fed has recently added 50bps to the interest rate now trading at 1% and they will be forced to hike even more to resist inflation(+8.5%).
Only scalpers are taking buys in the current market situation, taking shorts only will serve you well because we are in a bear market!
Here is a DXY chart trading at +103:
EURUSD down 9% so far in 2022:
Only scalpers are taking buys in the current market situation, taking shorts only will serve you well because we are in a bear market!
Here is a DXY chart trading at +103:
Trade closed: target reached