Hi, traders!

How are you doing?

Well, we have EURUSD above 1,4000. Nice. And more to come. What do we need in order to see single currency keeping its way to the moon?

We need, and it is mandatory, that ECB does not say its hike cycle has finished. If they keep rates steady without saying the next step will be a cut, EURUSD should keep appreciating versus the $. The next move of FED will be another cut; that's what market is pricing in already.

So, if we are to see all that, which is the EURUSD road map?

For me, 1,4007-1,4000 - 1,3985 are levels to watch if it goes south. While holding above those levels, the next big stop on EURUSD should be 1,4340. Once there, if it is the case, we'll talk.

You should not forget that each time we see EURUSD trading below 1,4007, it will be aiming at 1,3820.

Let me say it again: trade what you see and not what you think.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline