About to breakout

In my opinion, it seems unlikely that the Federal Reserve will raise interest rates in July. Instead, I believe the Fed will choose to pause indefinitely for the next 12-18 months before potentially taking a downward turn.

From a technical standpoint, there is a possibility of a movement towards 1.12 in the market, with a broader potential range of 1.20-1.23 over the next 12-18 months. It is probable that the market will factor in a rate cut and anticipate a slowdown in the US economy before the anticipated boom driven by advancements in AI technology.

Please note that these statements are speculative and based on my interpretation of the information provided. Market conditions and the actions of the Federal Reserve can be influenced by various factors, and actual outcomes may differ.