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Decentralized Forex with EUR/USD, without broker, the analysis of the moment

Nov 25, 2022
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Decentralized Forex Trading, without broker, the analysis of the moment. Discover the technical analysis of the moment for the EUR/USD.

Decentralized Forex Trading, what influences the price, what you should not ignore before starting to trade EUR/USD?

That’s what we’ll see a little later in this article, but let’s start with the basics.

Decentralized Forex Trading, basic information:

Here are the elements that can influence the price of this asset

1. The economic health of the Eurozone and the United States. Studying or having a good knowledge of the economic and financial data of these two zones is essential, including the data of their two respective central banks.

2. The geo-political situation, the most impactful current events that could be positive or negative for the economy and finances of these two zones.

3. The relationship between the two zones is also very important. Indeed, trade agreements or conflicts between these two zones can also influence the price of this currency pair.

4. The technical analysis, purely graphical, that offers the pair EUR / USD is also very important and this is what is proposed below

Decentralized Forex Trading with EUR/USD, what is happening now?

Decentralized Forex Trading, fundamental analysis:

We can see that for the first time in the last 20 years, the EUR/USD has reached parity. After reaching its yearly low (1.0000) in July. However, it seems that in the last few days, this decline cannot be stopped by the psychological price which was supposed to be a strong support, since for the last few days, the price remains below parity.

On September 21, the Euro/Dollar currency pair fell again, moving significantly away from perfect parity, at the conclusion of the Federal Open Market Committee (FOMC).

The Fed did not shock the market with a 100 basis point increase in Fed Funds, and opted for the most widely anticipated scenario of a 75 basis point hike to raise the dollar’s rent to 3.25%.

Two additional hikes are expected by the end of the year. What has significantly penalized the market, however, is the pessimistic nature of the Fed’s economic forecast revisions, on unemployment, at 4.4% in 2023, on inflation (2025 only for a return to 2%), and on growth (almost zero this year, and 1.2% in 2023).

This will further weigh on the “risky” asset that is the single currency, while ensuring a very favorable yield differential for the greenback.

Decentralized Forex Trading

EUR/USD = 1.04180 as I write this article.

Things to remember:

Pivot point: 1.39

Technical analysis EUR/USD (daily)

We are on a pivot point, at 1.039, if this price becomes a solid support, then we can hope to reverse the downward trend for a while.

The downtrend has already been stopped, but passing this pivot point would seriously reinforce the rise.

The next step is to get past 1.048, with volume to go for 1.060 and 1.078 afterwards.

If the rise is not confirmed and the pivot point pushes the price down, then the areas to watch are: 1.025, 1.017 and 1.02 before reaching parity again.

Decentralized Forex trading, important information:

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