DEU40 | Europe (German Index) is ready to roar Flag setup in Daily time frame
As of my opinion EUR USD can go long to 1.13900. There's clear breakout now, we can expect a long position here. The USD is getting weaker day by day in the last couple of months.
Poor macros, #Gas prices continue to rise and the risk of rationing and high prices continue to haunt the continent. European gas contract are near to click a fresh all time high. On technical terms we can see multiple descending trendlines pushing the pair down . The fall below parity and quick 3 day short covering pushed #EURUSD to 1.02700. Current trading range...
Price respected all my levels which I've drew earlier, if you took short trade at my exite level for long so you are still in profit...
This chart looks at the DAX index from Germany. It may be creating a Bearish Head&Shoulder topping pattern at at 13500. 2 day consecutive closing below the neckline of 11950 should be a confirmation. We must wait and see.