The $EURUSD pair remains vulnerable to a breakdown below $1.0500.
April that the dominant direction likely to provide the best trading opportunities was downwards, and I was right about that as after rising a bit from the support at $1.0710, the price began to fall again, and has been trending downwards ever since. However, I also thought that trading this pair short on breakdowns was inadvisable as the bearish trend was simply moving too slowly, and I was wrong about that – there have been a couple of breakdown short entry opportunities in recent days.
concerning whether it hikes by anything between 0.25% and 0.75% , and what its outlook for the economy is and how further hikes it signals for the near term.
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