• As discussed in my previous posts, target was met just at the long term ascending trend line
• Bulls have a double bottom pattern now and are more convinced
• Which made the pair gain almost 100 pips in a single day
• Bears are still hopeful that this is just a corrective move and are waiting for better prices to short again
• Bulls are now targeting 1.09, 1.0940 and 1.10
• It is important to note that this move could be related to bears willing to stay put only because the ECB event is around the corner
• FED-ECB policy divergence to be watched to determine future direction
• Bulls have a double bottom pattern now and are more convinced
• Which made the pair gain almost 100 pips in a single day
• Bears are still hopeful that this is just a corrective move and are waiting for better prices to short again
• Bulls are now targeting 1.09, 1.0940 and 1.10
• It is important to note that this move could be related to bears willing to stay put only because the ECB event is around the corner
• FED-ECB policy divergence to be watched to determine future direction
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
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♦️ Subscribe to my telegram channel for daily signals for free, link below:
♦️ t.me/accu_trading