Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of February 21, 2021 here. forextrading
last week, as the price continued its consolidation between the support level at 12086 and the resistance level at 12293
However, if the support level at 12086 continues to hold, the long-term bullish trend will be likely to resume., but in the Forex market. It may be a better time to trade currency crosses not involving the USD.It is likely that the bullish momentum we see here is driven by increasingly high inflation in G7 nations and by the prospect of a war between Russian and Ukraine breaking out.
below the 200-day moving average. This “death cross” which is extremely likely to happen soon, will be another bearish sign.Stocks are depressed by the high inflation environment, and even more by the prospect of imminent war between Russia and Ukraine.it is certainly a bad idea to go long in this picture.
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