Price not able to maintain support, now retesting 16550-16750 as primary support. Deeper target would be width of the large wedge but it's very plausible to make a higher low at later range and continue upwards.
Good support at 15900-16150 and deep support at 14750-15300.
Supply chain disruptions caused by the coronavirus pandemic have been exacerbated by Russia's war on Ukraine and lockdowns in China, while energy bills have soared and taxes have risen, reducing consumer spending power.
The euro fell after Russia's announcement on Friday (Aug 19) last week that it would halt gas supplies for three days through the Nord Stream 1...
