Three times in a row, rising trend channels broke when crossing the dominant bearish trend line. Therefore a break to the downside is expected, continuing this overall trend (support can be found around 1.20). This is in line with the fundamentals (referring to Draghi´s language on Friday). I am planning to short this pair on Monday, although I will wait for information on the German business climate that will come out Monday 10:00 CET.
You don´t need to be a weatherman to know which way the wind blows - B. Dylan
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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.
You don´t need to be a weatherman to know which way the wind blows - B. Dylan
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.