EURCHFLong term down trend line.
Sort of double top formed, with volume of 2nd top lower than 1st top.
Price is at neckline.
Direction targeting next support zone.
Fundamentally, GDP(Q1) fell to -3.8% , Unemployment rate although beats estimates by 0.3%, it is still is a recessionary zone at 7.4% unemployed.
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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.