I expect the markets to continue to be very noisy and frankly, I don’t like the idea of owning the euro even though the ECB just raised interest rates. , EUR / USD initially tried to rise in the trading session of Friday, but the pair seems to hold resistance. It’s worth noting that the market is still closely linked to the central bank and of course we have a big interest rate decision coming up on Wednesday. The Federal Reserve will decide whether or not to raise interest rates by 75 basis points, and most people believe they will. However, some have already started requiring only 50 basis points. Advertisement SEE FOR YOURSELF WHY EUR/USD IS THE MOST TRADABLE PAIR TRADE NOW EUR/USD However, the real decision is based on how they make a statement. If the statement is sharp enough, it will send the pair much lower as the US dollar is expected to strengthen. I expect the markets to continue to be very noisy and frankly, I don’t like the idea of owning the euro even though the ECB just raised interest rates. At the end of the day, they can only do so much and the reality is that the market momentum from the ECB rate has already been removed. Looking at Fade Rallye 50 Day EMA is right below and I think a lot of people are paying close attention to it. If we were to break below that, I think the market will continue to decline, perhaps first reaching the 0.99 level and then the 0.98 level. Anything below opens up the possibility of a return to the lows near the 0.95 level. Obviously, a break below that would be extremely destructive, possibly causing this market to collapse. On the other hand, if we can lift the highs of the last few days, it is possible that the Euro could rise to the 1.03 level, but we will have to see that the Fed is crazy enough to do so. I just don’t understand how it works, so I think it’s probably a situation where the rallies die out pretty quickly. Regardless, a little patience probably goes a long way in this seemingly ridiculous environment in which we do business. At the end of the day, I’m still in the red, at least until we get through the Fed meeting and whatever that is.