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...
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.