Hello
My analysis is that this downtrend may have come to an end and an uptrend or at least a price correction is forming here.
According to the floor formed on May 15 and the price movement, it can be understood that the price does not want to fall further. But anything can happen. what does anyone know
If the trend changes and the price goes up, my first target is 1.09400. This is an important price because it has been resisted once and supported twice in the recent past.
But with all this, if the price continues to fall more, it may fall to the price of 1.07775.
Economic news was very important last week. Most of the attention was on CPI and PPI, especially the monthly data of these indicators, sometimes it happens that the news of the past changes the direction of the future.
My analysis is that this downtrend may have come to an end and an uptrend or at least a price correction is forming here.
According to the floor formed on May 15 and the price movement, it can be understood that the price does not want to fall further. But anything can happen. what does anyone know
If the trend changes and the price goes up, my first target is 1.09400. This is an important price because it has been resisted once and supported twice in the recent past.
But with all this, if the price continues to fall more, it may fall to the price of 1.07775.
Economic news was very important last week. Most of the attention was on CPI and PPI, especially the monthly data of these indicators, sometimes it happens that the news of the past changes the direction of the future.
Trade active:
Excellent, the price has progressed according to the analysis. I hope it reaches the first goal.
Trade closed: stop reached