by Ghassen G, February 3, 2022
by Ghassen Ghozzi February 3, 2022
EUR/USD
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Short
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H1
Table of Contents
H1
Overall Idea= Fundamental Analysis//Setup=Technical Analysis
Fundamental Analysis: The USD is strongly bullish from a fundamental perspective, manily because the Fed monetary policy which is considered as Hawkish, market participants may now start a new round of pricing in a more aggressive FOMC plan especially after the ECB meeting this afternoon, ECB president Christine Lagarde will most likley maintain its dovish stance as it still consider inflation in the Eurozone as “Transitory” ////Technical Analysis: The medium-Term outlook still bearish, i consider the last upward move started on Friday to be a corrective wave to the overall trend, and as the price reacted to 0.618FIB, it could start a new round of selling pressure just after the ECB meeting,
Short the EURUSD with Several Targets
there are more screenshot in the comments section of the analysis from January 31
Targets= 1.11601///1.10340
R/W= 1.5:1 to 4:1
it may be less risky to take a wait and see position until the ECB meeting worked out.
ECB Monetary Policy Meeting
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January 31, On the daily chart, the corrective wave was the most probable outcome with a final target of 0.618FIB, the price reached that level yesterday and now it is heading down activating the BPO1c