• Pair broke the higher lows pattern/trend line (blue color) and is now trying to break above it
• Bulls need a close above that line to resume the uptrend
• However, we are still trading inside an ascending channel (red) but risks are to the downside
• Recession fear, Russia-Ukraine war, ECB dovishness weigh on the pair and adds to the bearish picture
• Bulls need a close above that line to resume the uptrend
• However, we are still trading inside an ascending channel (red) but risks are to the downside
• Recession fear, Russia-Ukraine war, ECB dovishness weigh on the pair and adds to the bearish picture
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
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♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading