EUR/USD -14/4/2022-

• As discussed in my previous posts, target was met just at the long term ascending trend line
• Bulls have a double bottom pattern now and are more convinced
• Which made the pair gain almost 100 pips in a single day
• Bears are still hopeful that this is just a corrective move and are waiting for better prices to short again
• Bulls are now targeting 1.09, 1.0940 and 1.10
• It is important to note that this move could be related to bears willing to stay put only because the ECB event is around the corner
• FED-ECB policy divergence to be watched to determine future direction