the reasons for this trade borthers on two main factor namely; fundamental event and technical break of structure...
in accordance to the fundamental base, the ongoing war between ukraine and russian has a bit weigh on eurozone currencies and a strong buying mood for the dollar given us a short term opportunity to go on short on this current pair.
for the technical point there's a break of support and already given us a retest for a possible downtrend to our tp or very close.
in accordance to the fundamental base, the ongoing war between ukraine and russian has a bit weigh on eurozone currencies and a strong buying mood for the dollar given us a short term opportunity to go on short on this current pair.
for the technical point there's a break of support and already given us a retest for a possible downtrend to our tp or very close.
