DislikedNext week will be all about ECB who is going to raise the rate 0.25% after 11 years. Bulls should be favored here, so bears will be afraid the most, but technicals tell me that this downtrend isn't over and the price is only consolidating (started consolidating) before a bigger fall to lets say first 0.9900. We need to see the price back above the 50 DMA territory (Daily graph) and the upside of the channel to say at least that the trend is bullish and is trying to do something better than falling. I have note on the below charts - Daily...Ignored
Below 1.0123 it may try to reach 1.0100 round number first and then if, it fail 1.0082/73 is the next level/s to help in a drop. 1.0051/42 may come next if, the last doesn't hold.
Looking for profitable short term trades ...|