What to watch in the economic calendar on Monday? FOMC member speaks
reasons to buy:
TECHNICAL:
1) 20 ema support on 1 h time frame
2) the price did not fall below 2017 year bottom,
it is a good support point
3) RSI is in oversold territory on 1 day, week and all time frame
FUNDAMENTAL:
1)slowing global growth, high inflation
and the Fed's rate hike can cause
recession or a stagflation
SENTIMENTAL:
50 %
reasons to sell:
TECHNICAL:
1) rejected 20 ema resistance on 2h time frame
2) the dxy rose higher of 2017 year top
FUNDAMENTAL:
1) FED - hawkish, ECB - dovish
2) Ukraine crisis, energy shortage in EU
SENTIMENTAL:
50 %
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