The pair is trading in a downtrend due to some factors
1 / Weakness of the central bank in containing inflation
2 / Energy problems facing the European continent due to the Russian-Ukrainian war
3 / high unemployment rate
4 / Slowdown in terms of monetary policy intervention
Technical Views The pair faces selling pressure
To the levels of 1.0360 and then to the levels of 1.0077
But if the European Central Bank intervenes through monetary policy, we may see the pair rise to levels
1.0642 as a first stage, then to levels of 1.1181
1 / Weakness of the central bank in containing inflation
2 / Energy problems facing the European continent due to the Russian-Ukrainian war
3 / high unemployment rate
4 / Slowdown in terms of monetary policy intervention
Technical Views The pair faces selling pressure
To the levels of 1.0360 and then to the levels of 1.0077
But if the European Central Bank intervenes through monetary policy, we may see the pair rise to levels
1.0642 as a first stage, then to levels of 1.1181