EURUSD Divergence Galore
Technical analysis:
If price does not close (in 1H TF) below 1.0813, high probability price move up towards 1.10
Fundamental analysis:
Post ECB meeting pushback on rate cuts in April 2024, analysts still expect rate cuts in April. Euro pushed down initially but bounced back on April rate cut expectations.
I suspect the Fed on Wed will pushback on rate cuts in March 2024. The USD will push higher initially, then have a pullback as analysts will double down on March rate cut expectations.
- Obvious divergence in the 4H TF
- Hidden divergence in 1D TF
- Liquidity grab completed
If price does not close (in 1H TF) below 1.0813, high probability price move up towards 1.10
Fundamental analysis:
Post ECB meeting pushback on rate cuts in April 2024, analysts still expect rate cuts in April. Euro pushed down initially but bounced back on April rate cut expectations.
I suspect the Fed on Wed will pushback on rate cuts in March 2024. The USD will push higher initially, then have a pullback as analysts will double down on March rate cut expectations.
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