EURUSD Weekly analysis 14-18.11.22
Last week the forecast was for a bullish move.
This week the forecast is bullish again.
Price already broke the structure and turned into bullish one. I am expecting a continuation up.
The weakening dollar will continue to push the price up.
SMT Divergence
There is no divergence. Direction is confirmed for now
Interes Rates
There is still big difference between IR.
The key moment here is that FED could turn to dovish, but ECB announced they will look the data and according to the inflation they will rise the rates.
Inflation in Eurozone is bigger than US ( 9.9% at this moment) and there is no signs to go down.
This week the forecast is bullish again.
Price already broke the structure and turned into bullish one. I am expecting a continuation up.
The weakening dollar will continue to push the price up.
SMT Divergence
There is no divergence. Direction is confirmed for now
Interes Rates
There is still big difference between IR.
The key moment here is that FED could turn to dovish, but ECB announced they will look the data and according to the inflation they will rise the rates.
Inflation in Eurozone is bigger than US ( 9.9% at this moment) and there is no signs to go down.
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