Hello everyone! At the end of the upcoming week, EURUSD is quite capable of reaching the level of $1.1850. A long signal according to my volatility indicator was confirmed by a bounce from the Bollinger line with a single sigma, indicating bullish strength. Judging by the decrease in volatility, the breakthrough of $1.18 will occur with a short pullback, accelerating the upward momentum. From a fundamental point of view, two events will support the rise of EURUSD: - Statements by Powell, the head of the Federal Reserve, with his dovish views - CPI coming out lower than forecasts, which will calm traders after the spike in PCE inflation to 4.3% However, one should always be wary of the Iran and the Strait of Hormuz issue. Especially since the IEA report confirming an oil deficit will be released this week.
