Strong bearish downmove with a retracement on the hourly there is an descending triangle this pair is trading in a wide range (channel)
expecting consumer price to increase wich will devalue the USD and move even further down.
Price will however likely to retrace and find support on 0.95000 wich gives us a bad risk reward because we need to get out above 0.97000
wich means I'll close 75 percent of my targets at the support if it breaks I'll add some positions
expecting consumer price to increase wich will devalue the USD and move even further down.
Price will however likely to retrace and find support on 0.95000 wich gives us a bad risk reward because we need to get out above 0.97000
wich means I'll close 75 percent of my targets at the support if it breaks I'll add some positions