After an upward trend, the market has entered a correction phase. Recent events related to the Silicon Valley Bank and the important Federal Reserve meeting are expected to cause sudden movements in the market. It is predicted that if Mr. Powell’s tone remains calm and optimistic, the dollar may recover slightly. If this happens, the euro will have to penetrate below the 1.05 range. Otherwise, the upward trend will continue.
Warning: These analyses are for educational purposes only and do not constitute financial advice.