This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. everyone should buy and sell according to their own strategy. Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
Look at March 7th, Look at July 14th - Today. Same thing. Only difference is that one is a double top retracement and the other is a head and shoulders retracement. Both happen after major US holidays, New Years and US independence day, respectively. Price falls to a major level 1.10 and 1.00 and retraces up to the base of each pattern, then falls further. The fundamental outlook on this pair is the exact same as it was then. Europe's economy is struggling to keep up with China and the United States in almost every metric for economic success, There's no reason to believe that the market will reverse into a long term bullish trend. Even if both economies go into a recession, all that matters is who's stronger than who. And right now, it's definitely not the EU. I disagree.