No More long in this area
There is no incentive to go long European data is bad and the Russian war is at the gates of the eastern of Europe
The technical pullback is only a temporary manifestation of the price, the downward mood persists in the market. In order for a new round of the downward cycle to occur, the quote needs to be stable below the 1.0500 level. This will lead to an increase in the volume of short positions and a movement towards the low of 1.0350. Until then, there will be a pullback in the market, which serves as a regrouping of trading forces.
fx.co/en/analysis/309520
The technical pullback is only a temporary manifestation of the price, the downward mood persists in the market. In order for a new round of the downward cycle to occur, the quote needs to be stable below the 1.0500 level. This will lead to an increase in the volume of short positions and a movement towards the low of 1.0350. Until then, there will be a pullback in the market, which serves as a regrouping of trading forces.
fx.co/en/analysis/309520
Trade active
Confirm for our downs trend :Vwap line broken in chart 5M
200 sma broken in chart 5M
Note
I said from 29 April NO MORE UP TRENDAs we expected downtrend is counting
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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.