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I’LL TAKE THE OTHER SIDE OF THAT ARGUMENT GIVEN DIFFERING ECB AND FRD RATE OUTLOOKS. YOU CAN SEE WHY I SAY THAT BY READING THIS ARTICLE IN OUR BLOG.
What Does it Mean When a Currency Feels “Bid in an Offered Market?”
EURUSD 1 HOUR CHART – TRAPPED FOR NOW?
When the dust settles on this latest geopolitical scare, the focus will likely shift back to interest rates where ECB OFFICIALS ARE signaling a cut in Hune and Fed officials ARE PUTTING RATE CUTS ON HOLD.
EURUSD, meanwhile, seems trapped between 1.06-1.07 (1.0650 = midpoint) but as long as it trades below 1,.0665, there is a limit on the upside.
With that said, I am not sure how much gas this market had in the tank after the whipsaws seen so far today,
I was accused by some of being too quick to declare The Third World War.
I still have the same feeling / opinion on the situation at hands…
Read it again – https://www.global-view.com/trading-in-war-conditions-middle-east-boiling/
Haven’t called for the WW3 – yet….
EURUSD 4h Intraday
Supports at 1.06100 & 1.05900
Resistances at 1.06700, 1.06950 & 1.07400
Prefer the Downside right now, but watch for the Data today – Economic Calendar
XAUUSD 30 MINUTE CHART –
This chart is similar to what was seen in other markets after the knee jerk safe haven reaction did not follow through.
No new ground was broken on the upside (the record high is still 2431) and for today, there should be no stops until the high of the day, leaving XAUUSD floundering with supports shown on the chart bunched between 2354 and 2373.,
AS WE HAVE SEEN TODAY, TRADING IN A GEOPOLITICAL CRISIS MARKET CAN BE CHALLENGING.
IN THIS REGARD, GIVEN TODAY’S EVENTS, WE HAVE UPDATED OUR BLOG POST, TRADING IN A GEOPOLITICAL CRISIS, WITH AN ADDENDUM THAT IS WORTH READING
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