As Global Tensions Rise we see an asurge of one of the classical safe havens, along with diminishing bullish pressure of the USD, we anticipate a decline int this pair to as low as 0.840 and we might even see a historic down to 0.810!! in late spring
Important levels 0.920/0.890/0.8720/0.840
With inflationary Pressures as high as ever and the expansion of conflicts worldwide but mainly In or around Oil-producing Countries , added to that the growing fears of a US-Chinese Conflict in and about the Island State of Taiwan. all these prospects and Events are driving factors for a surge in oil prices, Yet as devoted technical analysts we believe that...
CURRENCYCOM:US30
The bears are to continue their hold on stock markets, as the global attention is now focused on inflation.
hiking rates by CBs and other monetary policies mixed with higher gas prices hints for a recession.
on the technical side holding of the bearish trendline with retracement from one of the 2 cluster areas is more likely in the short term.
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