The EUR/USD D1 chart has once again hit the lower support level and cannot be broken. Yesterday’s CPI data also showed that US inflation hit a 40-year high.
The same is true for the H1 chart. The price has tried to fall below the 1 price many times, but has been supported many times. But the overall trend is still in a downtrend. Cole is concerned about the support below, and once it is broken, it can be greatly shorted.
Go short at the support position and wait for the breakout to go short.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.