The counter has formed a descending triangle pattern, which is set to initiate a bearish trend.
The dovish statement from ECB is also set to support a plunge.
Hence we expect the pair to be bearish in the near-term.
The dovish statement from ECB is also set to support a plunge.
Hence we expect the pair to be bearish in the near-term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.