The euro fell sharply against the dollar and the safe haven yen late Friday as risk aversion spiked after Turkey’s prime minister said an attempted military coup was under way, anyways on Monday, July 18 markets in Japan will be closed for a national holiday and New Zealand is to release data on consumer price inflation, so we'll be looking forward for something new update if we find we'll update the description...
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By one of our contributor trader77330
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By Nawab one of our contributor : Fundamentally : Euro will be downsizing, latest news, Italian Banks are more affected because of Brexit. Still coping the damages. USA on the other end has stable market as compared to Euro.
Fundamentally : Euro will be downsizing, latest news, Italian Banks are more affected because of Brexit. Still coping the damages. USA on the other end has stable market as compared to Euro.
Fib levels to confirm: 0.5 below to short.
trader77974
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In one hour timeframe the lagging span crossed the thin cloud while going down, and so did the pair.
At the next opening, the trend should be bearish .
Also, the price is under tenkan sen and kijun sen. In lower timeframes this is also the case.
So, if the configuration is still the same at the market opening, I would advise to be short on this pair.