Get DailyForex analysis to your emailIt is important to note that the ECB's decision to raise key interest rates has the potential to affect other currency pairs in addition to the EUR/USD pair.
Despite the market's indecision, traders are carefully monitoring potential global growth and concerns around the world. The US dollar remains a safe currency, meaning that traders need to exercise caution when determining their position sizing and remain nimble as the market continues to exhibit a lot of noise.
The market is likely to remain sideways for some time, making it difficult for traders to make long-term decisions without seeing some type of huge impulsive candlestick that provides clarity. Ultimately, the market's current indecision and noisy behavior suggest that traders need to remain cautious and vigilant.
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