As analyzed yesterday EUR/USD was posed for an ascending triangle breakout and as you can see we got it so early even before FOMC day. EUR/USD broke out of the ascending triangle to trade as high as 1.0670.
At the time of writing it is trading at 1.06420 and trading firmly bullish.
EUR/USD
Dt- 15th Dec 2022
ECB turned out to be hawkish, of course, as expected and provided a slight bullish momentum and EUR rallied toward 1.0666. Also please note that this expectation was already priced in before this event, so we can't expect much change, however, Lagarde presser might offer further hints on the outlook of the next year, so important for EUR/USD.
Following Lagarde's comment, EUR is shooting up like anything. EUR/USD prints a fresh high(1.0735) and EUR/AUD is rocking and going up, up, up, and away.
Further bullishness is expected. However in the next week, the market will enter into the holiday mood, so more or less it will start consolidating with minor correction.
Not financial advice.