Chair, hinted on Wednesday that the Federal Reserve is considering at least two more interest rate hikes. This raises questions about the longevity of the euro's current rally. The situation is likely to generate a considerable amount of market noise, but the current trajectory suggests a direct path towards the 1.10 level. The 50-Day Exponential Moving Average is expected to provide support, aligning closely with the lower limit of Thursday's trading range.
On the other hand, the market appears to be somewhat overstretched at this point. Despite this, given the market's history of high volatility, it's likely that we'll continue to see significant fluctuations in the future. Consequently, it seems inevitable that a pullback will occur at some point. However, I anticipate that such a pullback will attract a substantial number of buyers.