Hello Traders, here is the full analysis for this pair, drop a like to support the creation of more free analysis and let me know in the comment section below also if you have any questions
thanks for this analysis, in the daily time frame I'm thinking that's the end of wave 2 and now we are watching the wave 3 going down. it is going more down than the resistance in the bottom if it breaks the resistance that you draw and mention for monitoring. That's my thoughts and thanks again and keep up the good work.
Rocker777
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@Trader_Learner,
this is exactly what I just wanted to ask. Is it possible to break the support 1.1080 and go further down?
trader_202
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@Rocker777, it is possible. according to me it's the end of wave 2. We follow this and see what will happen. I need more conformation to make sure before I get into the trade. Good luck brother.
TomFromTartu
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Pump was triggered by french PMI and subsequent drop by german PMI. I think we will get to the anticipated target after the ECB interest rate announcement and speeches. The rate is expected to stay 0, which so far has been short term bearish for the price every time i have paid attention. Only after the news effect has cooled off a bit, can we re-evaluate whether to look for longs or shorts into the coming weeks