2022 showed up to be a a very wild volatile year for the Forex Markets. A year filled with Turmoil events experienced by Fiat Curencies in the midst of a Broken Monetary Debt based System.
In particular that of EUR, it printed it's price action to as low as 0.90 valued against US Dollar . A re-visited old Level of Support dating back as far as early 2000's . Since 0.90 lows when the Long Call was given, EUR has been going up by a lofty 12 % . This is a good considerable area of Taking Profits after a vertical rally approaching 200EMA on the Weekly at 1.119
SHORT Call on EUR/USD Time of duration : Short to mid term
Until the next one, Trade Smart
TRADE SAFE
- Note that this is not Financial Advise. Please do your own research and consult your Financial Consultant before throwing any of your hard earned money in Financial Markets.
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EUR/USD * * *
Importatn Weekly Close ahead for EUR/USD
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Negative Weekly Opening so far for EUR/USD, below Fibb's Golden Zone
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EURUZONE OFFICIALLY IN RECESSION TWO CONSECUTIVE RED QUARTERS