Seeing the EU slowdown, ECB bankers being hesitant with further rate hikes, Germany and France in technical recession and overall global growth pessimism over the next few months tells me that this pair will slowly grind down...
However, FED Powell will have a lot of power over the next 2 days to really move the markets and expect for insane volatility and supply zones to be hit aggressively then sold off or bought back. Friday is when the pair will stabilise, until then wait for supply zones and reactions of them and make safe decision then.
For now this pair is NO TRADE zone.
However, FED Powell will have a lot of power over the next 2 days to really move the markets and expect for insane volatility and supply zones to be hit aggressively then sold off or bought back. Friday is when the pair will stabilise, until then wait for supply zones and reactions of them and make safe decision then.
For now this pair is NO TRADE zone.
Trade closed: target reached:
Beautiful reaction from the supply zone and shorted that zone, take profits have been taken and trade is closed
Comment:
Again beautiful reaction from the supply zones, shorted the pair on the reaction on shorter time frames