EURUSD Preparing for a Nose Dive to the Pool
As the market gets near to the March 10 - ECB Meeting, Technicals are hinting of weakness pressure building up.
We have created a Bearish Cypher Pattern, along with Hidden Bearish Divergence. Earlier historical price strucrture with Hidden Bearish Divergence nature has always flushed down the prices. Would we see this time ? It surely looks like, with ECB expected to act by cutting the deposit rates further.
However, always tight stops should be in place. Good Luck
We have created a Bearish Cypher Pattern, along with Hidden Bearish Divergence. Earlier historical price strucrture with Hidden Bearish Divergence nature has always flushed down the prices. Would we see this time ? It surely looks like, with ECB expected to act by cutting the deposit rates further.
However, always tight stops should be in place. Good Luck
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