Key Findings: Euro uptrend is still probable and could starthere. - Euro had a massive over night breakdown due to a russian invasion of ukraine, technically a single news event, if we consider this event as not market driving we would still expect an eu uptrend establishing over the upcoming month.
Comment:
euro is just turning again at downtrend trend resistance (yellow). We will soon see a decision fpr the uptrend (blue) or the downtrend (yellow). The latest downturn just now adds probability to the downside.
Trade closed: target reached:
i am stopping my euro long exposure for the moment