This pair is continuing the Bearish move which you can see on Daily chart and confirmed with Hourly chart as it is consolidating right now.
This bearish move is based on new economic data that came out recently from U.S that shows economy is still strong and Inflation is high. this would certainly push the rate curt back or at least on hold until next month.
**** This post is for educational only and it's not suggesting any investment or trading advice. ****
This bearish move is based on new economic data that came out recently from U.S that shows economy is still strong and Inflation is high. this would certainly push the rate curt back or at least on hold until next month.
**** This post is for educational only and it's not suggesting any investment or trading advice. ****