The price is approaching a sensitive demand zone, previously tested and rejected multiple times.
We'll be looking for a long entry next week. Stop just below 0.92 area.
Always keep in mind it is a game of probabilities.
Moving from the UK and now living in France, this is a pair that has some impact on the cost of living. 5 years back when €1 was 75p now up around the 90's. Looking at what is happening in Spain, Germany and of course France right now. It is only a matter of time before the Euro reacts.
Beyond that, looking at the charts - there was some strong resistance near...
The French stock market is painting an inverted triangle formation. Though not yet confirmed, this can portend lower prices ahead. We are currently rounding over. A weekly close above the prior weeks' high would negate bearishness for now, whilst a weekly closing below the last swing low would confirm the pattern and target the purple area.
While pundits claim...
Two days before the first round of the presidential elections (23 April), the uncertainty remains high. Take the opportunity of a risk-friendly scenario or a strong risk aversion scenario by pending orders of both sides. The nightmare scenario for the market would be a second round between Far-left and Far-right candidates. Trade the EUR against JPY, considering...
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
21 Cross-Rates (52th Week Statistics) @ drive.google.com