In my opinion, the ECB will keep lowering rates !! Investor fear will further weaken the EUR !!
Technically we are at 0.382 of the last downward movement, IMO we are based on the SMA 200 4h and the POC !!
I will trade this breakout and use Fibos as TP and target 🎯 My SL is in the chart !
I want to mention that everything I post is just options and my own opinion!
Always trade with SL and do not risk more than 1% of your portfolio (max. 3%) per trade.
If you have any questions, please let me know
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Thanks for reading my ideas, Trade save !!
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Here is the 1D picture. I believe that if we break the 0.618 of the entire upward movement, we can expect lower prices. But careful FX trading ends tomorrow at 6pm GMT
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Due to the FX close of trading, you should also pay attention to the 4h MA200