Long, @1.21700
Updated
Technical analysis, bat formation
The market is also being supported by a daily support @1.21700.
Although the market as broken the bullish trend we see a possible retest before continue downwards.
ECB rate statement being released tomorrow so the market may be quit until then
The market is also being supported by a daily support @1.21700.
Although the market as broken the bullish trend we see a possible retest before continue downwards.
ECB rate statement being released tomorrow so the market may be quit until then
Note
Supporting data: US dollar strength index recent bullish trend over the past few days going into a daily resistance, we might see retest after breaking out the consolidation that been happen over the past few weeks. On the other hand ,price may be rejected by weekly bearish trend.Note
ECB rate decisions is out, we are less likely to see The eur break upwards outside of the range as nothing new was said today on the Bree's conference, any movement would likely be caused by the weaking or strengthening of the us index.Note
Close trade at 1.22 retest
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