On the 4 HRS structure we can clearly see the ascending channel that generally indicates the market it at a bullish trend.
at the current bearish push. Its visible that it has passed through a previous support level. Creating small wicks. our interest to short the market will play along when we see the price move back to these areas , where previous stop losses are horded by the retail traders to concur the presence of so as to create enough liquidity from the zone for a final push.
FUNDAMENTALLY
The euro has been weighed down by worries about economic damage from war in Ukraine and was parked at $1.1047, not too far from last month's almost two-year trough of $1.0806.
Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes.
There seems to be momentum for at least discussing an embargo on energy imports, which would likely come with price pain since Russia supplies some 40% of Europe's gas needs.
at the current bearish push. Its visible that it has passed through a previous support level. Creating small wicks. our interest to short the market will play along when we see the price move back to these areas , where previous stop losses are horded by the retail traders to concur the presence of so as to create enough liquidity from the zone for a final push.
FUNDAMENTALLY
The euro has been weighed down by worries about economic damage from war in Ukraine and was parked at $1.1047, not too far from last month's almost two-year trough of $1.0806.
Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes.
There seems to be momentum for at least discussing an embargo on energy imports, which would likely come with price pain since Russia supplies some 40% of Europe's gas needs.