By Biznes-Broker | Analysis of the financial markets | 29 Jun 2021
The currency pair shows a continuation of the downward movement after a slight rebound. Currently, we can observe colloquially called the inverted saucer formation. This usually means that the movement will continue towards the designated curve, so it is worth considering a short position as a continuation of a higher order trend. If you want to enter long positions, not earlier than after crossing the place marked on the image, because there is resistance at this level.
Resources
How do you rate this article?
4
Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.
Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/
Send a $0.01 microtip in crypto to the author, and earn yourself as you read!
% to author / 80% to me.
20 Jun 2025
4 minute read
18 hours ago
2 minute read
