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As we can see on the Daily timeframe there is obvious head and shoulders:
According to the BB we can see that the price has targeted the lower Bolinger which is exactly our target. The hawkish fed will surely increase the rate which will lead to penetration of the round number 1.1
On the weekly chart we can see that the average price is also around 1.11 and it is the medium Bollinger also from the start of the big range (1.08 - 1.16):
Everything which will happen depends on the June's fed's rate…
According to the BB we can see that the price has targeted the lower Bolinger which is exactly our target. The hawkish fed will surely increase the rate which will lead to penetration of the round number 1.1
On the weekly chart we can see that the average price is also around 1.11 and it is the medium Bollinger also from the start of the big range (1.08 - 1.16):
Everything which will happen depends on the June's fed's rate…