EURUSD - Trends, Forecasts and Implications (Part 3) - page 566
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On April 7, Thursday, the ECB will meet and announce its rate decision (now 1.00%, expected 1.25%).
Anyway. That's still a whole week away. And what's interesting is that the waves will start to fall sometime on Monday evening or Tuesday. And I have two questions
1) If the fall starts before the rate decision is announced, what will happen to the Euro if the rate is increased?
2) If the fall starts before the rate decision is announced, what will happen to the Euro if the rate is left unchanged?
Further, if I have an error in the waves, and moreover in the timing, it appears that
3) The pair will grow up to Thursday (we may see 1.44 during this time), but we will have to correct after the decision, if the rate is increased.
4) The pair will grow until Thursday, but after the rate announcement, if it remains unchanged, we will see a sharp decline.
That is the way things are, but it is very interesting to hear the others' opinions regarding the first two points.
By the way, the Fed is meeting on rate 15. Shall we at least consider a northern trend development at this time?
1.45 as a matter of fact )
So far the allowed corridor is estimated at 1.4100 - 1.4300, the indicator reports, analyzing the hindsight from 3 to 300 bars on H1 .
So far the allowed corridor is estimated at 1.4100 - 1.4300
A lot of people here have asked me why I'm bashing Alpari's wonderful DC. This is one of their most harmless pranks)))
The rate will be raised. The question is different: everyone is waiting for another rate hike...in May or September...so we will have to follow the comments after the rate announcement...
Basically, everything (waves and candlestick patterns) is ready to go down. It is better not to make any more purchases of the Euro.
Have a good day everyone!
The drawing is certainly interesting, but the server is probably a demo, as it certainly didn't happen in real life....
Demo, mt5 put. But that doesn't mean you can draw anything on the demo.
Demo, MT5 put in. But that does not mean that you can draw anything you want on the demo.