Hey tradomaniacs,
EUR/USD is testing a nice resistance-zone to go short.
Todays statements by FED Bullard was pretty hawkish as he aims for rates
between 5% -7%.. so long way to go and more rate-hikes probably incoming.
Orderflow is not 100% clear but it starts to turn bearish as bullish volume slowly fades.
What do you think?
EUR/USD is testing a nice resistance-zone to go short.
Todays statements by FED Bullard was pretty hawkish as he aims for rates
between 5% -7%.. so long way to go and more rate-hikes probably incoming.
Orderflow is not 100% clear but it starts to turn bearish as bullish volume slowly fades.
What do you think?
Basically no follow ups after strong momentum with high volume and high positive delta showing potential exthaustion here.
No more high volume nor aggressive buyers or frontpushing with absorption.
Exthaustions tend to cause reversals!