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EURUSD
The euro has been in a narrow range below 1.0900 since January 23. Consolidation under the resistance line on the way up.
Technically, this is preparation for a breakthrough to the upside.
Fundamentals: the Federal Reserve's rate decision will be released on Wednesday, February 1, expect a +0.25% increase.
Immediately after that the European Central Bank's decision will be announced on Thursday and the expectation is that the rate will remain unchanged.
The NonFarm Payrolls report are due on Friday.
What will happen to the euro? Objectively, if the ECB refuses to continue its rate hike and raises the dollar rate, it would be logical to see the euro fall. However, optimism from the improving prospects of the EU economy when the ECB refuses to raise rates might allow the euro to show new highs up to 1.1000 or somewhat higher.
In my opinion, the euro could sharply fall from the current levels and after a quick rise to 1.1000-1.1080.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
