From technical perspective, the price moved to significant orders in the past. And once reach there, there's bearish engulfing candle formed. To see inclination of price movements coherently:
1. GDP of Euro Zone in stagnant level without significant increase or decrease (demand in EURO is stagnant)
2. Japan CPI keeps growing (demand in YEN)
Therefore, there's possibility liquidity created first there with bearish engulfing, signifies bearish movement ahead.
1. GDP of Euro Zone in stagnant level without significant increase or decrease (demand in EURO is stagnant)
2. Japan CPI keeps growing (demand in YEN)
Therefore, there's possibility liquidity created first there with bearish engulfing, signifies bearish movement ahead.
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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.