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Hello everyone!
This month of August is giving us an unexpected volatility in the currency markets, linked to the trade war between Trump and the rest of the world and now to the ongoing financial crisis in Turkey. In this context, the euro suffers the consequences with a decline compared to the dollar that risks turning into a real sell off. The reference chart is the weekly,
where we note that Friday the price has decidedly broken the neck line of the head clearly visible. This break, if confirmed, could even lead us to review the minimum levels that were not touched in 2016 in area 1.05. At this point you just have to see working for short inputs as soon as possible.
Have a nice start!
This month of August is giving us an unexpected volatility in the currency markets, linked to the trade war between Trump and the rest of the world and now to the ongoing financial crisis in Turkey. In this context, the euro suffers the consequences with a decline compared to the dollar that risks turning into a real sell off. The reference chart is the weekly,
where we note that Friday the price has decidedly broken the neck line of the head clearly visible. This break, if confirmed, could even lead us to review the minimum levels that were not touched in 2016 in area 1.05. At this point you just have to see working for short inputs as soon as possible.
Have a nice start!
