Hello everyone,
As you look on the chart above, a negative picture for the pair is being favorable for the following reasons:
1- Broke below the uptrend line that has been intact since May.
2- Broke below the 20 SMA.
3- Hit the 50 SMA for the first time since May.
Initial target is at 1.1690 and even deeper at 1.1495 March high.
Good luck
As you look on the chart above, a negative picture for the pair is being favorable for the following reasons:
1- Broke below the uptrend line that has been intact since May.
2- Broke below the 20 SMA.
3- Hit the 50 SMA for the first time since May.
Initial target is at 1.1690 and even deeper at 1.1495 March high.
Good luck
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading
♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading