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Jun 4, 2023 10:55 PM

EURUSD Short ??? Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD has been on a downtrend since 2008, with the addition of the political climate of the Russia - Ukraine war only makes things worse for Europe since they have been getting most of their energy resources from Russia, Germany just announced that they are currently in a recession and many other European countries have been suffering due to the sanctions they have put on Russia. In September 2022 we saw the Euro recover however it failed to break a high and formed a triple top before going short forming lower highs and lower lows. Currently looking to go short until the higher low (Neckline) once we break that we should see price gong further down.
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