If you look at the two candlesticks, they have fallen a bit over the last 8 hours, but we need some momentum to start again in the short. EUR / USD was quite negative in Thursday’s trading session as markets saw that the European Central Bank raised interest rates to an expected 2%, but ultimately the question is whether we will see more upside. At the end of the day, I don’t necessarily think the ECB can really tighten the economy, because while we have a lot of concerns about inflation, a lot of that comes from the energy perspective, which of course they have very little control over. over. Advertisement SEE FOR YOURSELF WHY EUR/USD IS THE MOST TRADABLE PAIR TRADE NOW EUR/USD Now that we’ve broken below parity, this is likely to bring some negativity back into the market. I think right now you’re seeing the market come down quite significantly because I think a lot of expectations are now shifting towards the Fed and its monetary policy. Remember that the meeting on Tuesday and Wednesday is highly anticipated and Jerome Powell’s statement will be analyzed quite significantly. If you look at the two candlesticks, they have fallen a bit over the last 8 hours, but we need some momentum to start again in the short. The market will probably trend lower If we break, I think it’s likely that this market will try to test the 0.98 level, maybe even the 0.95 level. Frankly, the Fed does not want the funds to increase mainly because they are well aware of the wealth effect. At this point, I think it’s more likely that we’ll go lower, but that doesn’t necessarily mean we won’t occasionally enter the state of mind we’ve had in the last two practices. The European Union has many things to worry about, not the least of which is, of course, the lack of energy this winter. In this scenario, it will be difficult to get the economy going as Europeans face a long and difficult winter. On the other hand, the Fed has already said that the turnaround will take time, so I suspect cheap money seekers will be in for a lot of disappointment from time to time.