EURUSD: Are we in a recessionary environment?

Updated
Hey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09500 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.09500 support and resistance area.
Trade safe, Joe.
Note
EURUSD is trading above 200 MA on the 4h chart
Note
Goolsbee: If inflation and the job market continue to cool, the fed should cut!
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us labor slowing may push EURUSD up to the resistance level
Note
DXY: Recessionary Environment And Potential Upsides


DXY is approaching a decent support
Note
EURUSD is testing the 1.09600 resistance
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After a breakout above the trend EURUSD is back once again below as recession risks rise, was it a fake out?
Bearish PatternsBeyond Technical AnalysisEUREURUSDTechnical IndicatorsSELLshorttechnicalanlysisTrend AnalysisUSD

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