0.7250 Monthly Pivot.
A decline in Oil and XAU again this week is going to pressure this chart and maintain the downtrend send across the rest of the year. Cherry on top will be FED interest rates.
With a risk reward of 2.5/1 we believe getting in this trade is at the right time. A close about 0.7300 may show a continued long term uptrend and a break and hold of 0.7400 may break the bearish trend
A decline in Oil and XAU again this week is going to pressure this chart and maintain the downtrend send across the rest of the year. Cherry on top will be FED interest rates.
With a risk reward of 2.5/1 we believe getting in this trade is at the right time. A close about 0.7300 may show a continued long term uptrend and a break and hold of 0.7400 may break the bearish trend