EUR/USD 4hr Channel breakout
Euro has suffered major loss amidst Russia-Ukraine situation. The move till. 1.0807 has completed Fibonacci 61.8 retracement,we couldn't get buyers at that level someone around 1.1125-40,so my look is bearish on Euro,moneyflow decreasing consistently with retracement highs and now a channel breakout makes my decision firm.
Euro zone rate of interest is much lower than dollar and Fed hawkish tone sounds more loss to Euro,energy crisis, heating inflation there is lot to make short position.
I think perfect entry would be channel retest at 1.1000-30.
Euro zone rate of interest is much lower than dollar and Fed hawkish tone sounds more loss to Euro,energy crisis, heating inflation there is lot to make short position.
I think perfect entry would be channel retest at 1.1000-30.
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