​Well, well, well... Those of you who has already seen my inst | Simone Bolivar

​Well, well, well...
Those of you who has already seen my insta stories, know what happened with EUR/USD pair recently.

Let's clarify:

Because of and after the German election and the speech of the European Central Bank (ECB) EUR/USD wavers are in a rough range below 1.1700.

If we'll take a look at the hourly chart of the pair, we'll see that it shows us that downside remains more compelling at the moment. Why? 'Cause its price is teasing an ascending triangle breakdown.

There are 3 reasons to expect EUR/USD to fall:

Energy crisis
Debt ceiling
bearish technicals

All in all, I don't force you to be a professional in all the details of the financial market, but still it's really important to be aware of such an extensive financial news.

At least, now you know that we expect downtrend. Keep an eye on it on the chart on the platform