During this week, I made an analysis on Euro/Australian Dollar, when I said that Euro will climb up following my past analysis link to related idea, what I made a very good analysis. But I dont entry in this trade as I was in another. But now, at the moment, my prediction was correct when I said that Germany (The largest economy in whole Europe) do and European Union to rescue the countries they to one shield energy customer and businesses from this inflation in the energy crisis. what I found out it's that Germany Government make an investment of 65 billion (Euros) on shielding energy customers and businesses from soaring inflation and $95 billion (Euros) the amount allocated to inflation busting since the Ukraine began in February 2022. Another data show that Germany has spent over 300 billion (Euros) on propping up the economy over the past 2 years of the covid-19 pandemic.
So this movement was bullish in Euro, but I rate this trade very good analysis.
Now, to have another perspective, we see a bearish harmonic pattern ABCD formation, what it's look very interesting to short Euro in the 0.782% Fibonacci after this drop, and technical analysis identify a bullish divergence.
So this movement was bullish in Euro, but I rate this trade very good analysis.
Now, to have another perspective, we see a bearish harmonic pattern ABCD formation, what it's look very interesting to short Euro in the 0.782% Fibonacci after this drop, and technical analysis identify a bullish divergence.
