This cross is in a monthly downtrend that started in March 2020. We are in a big weekly correction (started in July 2020) that will feed the continuation of the down trend. The price will either go one more up to reach the 1.8200 level or reverse and head down all the way to continue the big trend. For us it is important to read the price action in the decision zone or below it, as it will show us what is next for this pair. We advise caution because it’s 50-50 now.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
