EUR/USD Daily Video, March 16, 2018

[Sive Morten]

Good morning,

EUR has failed to keep "pure" bullish setup recently. Now we have no choice but wait for another strong support area:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[ward133]

Good morning
You think Could it be in a range until next Wednesday fed rate ??
And talking about fed rate ! You think really that they would raise rate this year 3 to 4 times really ??! And if so then the general far outlook for euro would be biresh ? Or we can not say so ?

Thank you

 

[Sive Morten]

Good morning
You think Could it be in a range until next Wednesday fed rate ??
And talking about fed rate ! You think really that they would raise rate this year 3 to 4 times really ??! And if so then the general far outlook for euro would be biresh ? Or we can not say so ?

Thank you

Hi, well yes, they should rise...
No I do not think that it will be bearish for EUR, at least till summer. Mostly because 3 times rate increase is highly anticipated and 50% priced-in already in current rate. Here everything will stand around 4th rate increase. If it will appear on horizon this really could support dollar, but this issue will appear only in 2nd half of 2018