Respecting the 1hrly trendline, sentiment bearish & fundamentals nodding towards further downside.
Note
1.07211 - Monthly resistance1.06652 - Projected TP via Vasily Ponomarev
Note
Not the best R2R, wouldn't usually go under 5 but fundamentals seem to lead this over technical. Fundamental are settling but looks like EUR has found new resistance a the 576 level.Note
Looking like a 61fib retracement.Trade closed: stop reached
Too tight on the SL, will see how this retraces for a pullback.Trade closed: stop reached
Makes sense German foreign minister just put out a strong statement for the EUR strengthening.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.