i believe ECB's President Draghi dovish sentiments on the EUR is the major cause of the downward trend.Since the new trading week lacks major news on both currencies i believe the bearish trend will continue and price to hit new lows.
On the technical side price has broken major support and resistance zones on the downside
SELL- TP1=1.64567
TP2= 1.64010
SL- 1.68026
On the technical side price has broken major support and resistance zones on the downside
SELL- TP1=1.64567
TP2= 1.64010
SL- 1.68026
Trade chiuso: obiettivo raggiunto:
Both tp 1 and tp2 hit