Technical Commentary: (EUR/USD)
The break below last weeks 1.0350 level near the lows of May 13th, 2022, could have opened the door for a downside price extension. Lower tops and lower bottoms on price (daily chart) confirm a classic downtrend “Dow Pattern”. Key levels to watch are the 0.98169 area for support and 1.05281 resistance
The break below last weeks 1.0350 level near the lows of May 13th, 2022, could have opened the door for a downside price extension. Lower tops and lower bottoms on price (daily chart) confirm a classic downtrend “Dow Pattern”. Key levels to watch are the 0.98169 area for support and 1.05281 resistance
John Knobel
J. Knobel Investor Services Limited, Sales Trading & Advisory
General Tel: +357 22 522 382
Trading desk Tel: +357 22 522 319 (Recorded line)
55 Vyzantiou Street
Nicosia, Cyprus 2064
www.jknobel.com/
J. Knobel Investor Services Limited, Sales Trading & Advisory
General Tel: +357 22 522 382
Trading desk Tel: +357 22 522 319 (Recorded line)
55 Vyzantiou Street
Nicosia, Cyprus 2064
www.jknobel.com/