Deeper just below 0700 may have some support 0711, 0700/069x This may push pa back to 0752..or 0794.. 200 day..
I posted the ones i see. I didnt post little ones.. As time goes on new Rs will develop. We broke the week p-sar.. and the 200 day atm. If it manages a week close below 0741.. That is strong. Closing today below 0793 is not bullish. I mentioned the u.s. economy at + 2.x %. With Germany at a negative. That with the closes can help a drop. Over many months. The Red Sea situation is harder on Europe than the U.S. The U.S. produces more energy than it uses. That is a positive comparably to those importing more oil than they produce. Energy oil is bought and sold many times before it reaches a destination. Each time a seller adds a margin to it. Each time its broken down and packaged, shipped or whatever. It adds to price. It increases cost/inflation. It leaves less margin or a price rise to the final vender. That leaves a higher price for the consumer. The consumer will buy less if able. Because of inflation leaving less money to spend. The vender making the product, will have less demand for the product. The vender need less workers. That takes time. When less workers have less money. They buy less stuff. The brings down demand. This takes many months or years. The circle of life in a free market. A currency is almost like a stock in that country. When the value of a curry drops. At some point it will be bought. It happens over and over
I posted the ones i see. I didnt post little ones.. As time goes on new Rs will develop. We broke the week p-sar.. and the 200 day atm. If it manages a week close below 0741.. That is strong. Closing today below 0793 is not bullish. I mentioned the u.s. economy at + 2.x %. With Germany at a negative. That with the closes can help a drop. Over many months. The Red Sea situation is harder on Europe than the U.S. The U.S. produces more energy than it uses. That is a positive comparably to those importing more oil than they produce. Energy oil is bought and sold many times before it reaches a destination. Each time a seller adds a margin to it. Each time its broken down and packaged, shipped or whatever. It adds to price. It increases cost/inflation. It leaves less margin or a price rise to the final vender. That leaves a higher price for the consumer. The consumer will buy less if able. Because of inflation leaving less money to spend. The vender making the product, will have less demand for the product. The vender need less workers. That takes time. When less workers have less money. They buy less stuff. The brings down demand. This takes many months or years. The circle of life in a free market. A currency is almost like a stock in that country. When the value of a curry drops. At some point it will be bought. It happens over and over
those who can, do. those who cant, talk about those who can
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