Akhii, (bi’iznilah) doesn’t work here, (Walaa tulquu bi’aydikum ila tahlukah) works in here! I think the price will continue to fall ( up to 1.09415 or down below to 1.08043) for the following reasons:
•Chairman Powell of the Federal Reserve stepped up his monetary policy. •Russian-Ukrainian tensions continue to escalate and are detrimental to global economic development. •EUR/USD fluctuates in the 1.1000 area, with risk-shifting increasingly to the downside. •There are a lot of sellers in the market because they think, psychologically, that euro will lose value because of Russian invasion.
All of my technical analysis 1W, 4H and even 1H shows to go down, however, situations like this (Russian invasion to Europian country, sections on both sides: between westerns and Russia) we don’t rely on technical analysis , we rely on fundemantal analysis like news. Good luck.
amini1400
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@awelrisak, Yes, it may be that you said that my analysis is purely technical, not fundamental
(Walaa tulquu bi’aydikum ila tahlukah) works in here!
I think the price will continue to fall ( up to 1.09415 or down below to 1.08043) for the following reasons:
•Chairman Powell of the Federal Reserve stepped up his monetary policy.
•Russian-Ukrainian tensions continue to escalate and are detrimental to global economic development.
•EUR/USD fluctuates in the 1.1000 area, with risk-shifting increasingly to the downside.
•There are a lot of sellers in the market because they think, psychologically, that euro will lose value because of Russian invasion.
All of my technical analysis 1W, 4H and even 1H shows to go down, however, situations like this (Russian invasion to Europian country, sections on both sides: between westerns and Russia) we don’t rely on technical analysis , we rely on fundemantal analysis like news. Good luck.