As you can see this pair is heavily price has fallen more then 4 percent since early may
No signs of exhaustion .
I drawed on the chart there is basically alot going there : first there is a channel price is now trading on the upperside of the
after drawing further I recognized a also indicating this could go much further
You can either decide to short now or on the upperside of the triangle but risking price not to go high enough and lose the oppurtunity
Unemployement rate is forcasted no change hower CPI forecasts high consumer prices indicating deapretiation on EURO causing it to fall even further.
If it decides to go wrond I'll try to exit around 0.77000
Target is not set yet