There are two possible scenarios if the EUR continues to fall: 1. Will fall deeply within the current downtrend and retest the 1,063 resistance zone 2. Will recover and break out to 1.078 The Euro continued to decline slightly today. According to European Central Bank (ECB) Council member Klaas Knot, investors who expect the ECB not to raise interest rates next...
EURUSD 1H Notice: Trade With Proper Risk Management☺️
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.6950). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURAUD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...