EU Channel

13 בינו׳ 2022

EU has just breakout the channel from May 2021 but there is not enough reason to continue. There is rate hike in march for almost sure and chances of 3 more rate hike. As EU economy is still trembling and dovish for hiking rate. There is huge chances that EU can touch its trendline in daily chart to 1.10 of January 2017 . So expecting another drop till Fed first rate hike decision in March 2022.
Go Short for next 2 months in my view.