Monetary policy divergence is a gift to USD bulls (Apr. 15, 2024)

The ECB is contemplating a cut of interest rates, while the hopes for a similar move by the Federal Reserve are evaporating. The head & shoulders is confirming the bearish stance on the pair.

Disclaimer> This post is informational only. This post does not constitute investment or trading advice! Financial markets are inherently risky. Manage your position size carefully and honor your risk management which only you are responsible for!