SANDBOX - Market Feels Like Sand at this stage again

٢ أغسطس ٢٠٢٢

Greek song for everyone:

'It's bad to build palaces on (with) sand'

Lyrics:

Everything that starts nice ends in pain
Broken hearts know that well
It is bad to build palaces in the sand
The tide will make it pieces

We start life with a thousand dreams
They are broken by pain and jealousy

It is bad to build palaces in the sand
The tide will make it pieces

We both bitterly cry our misfortune
The lost love, our gone first joy

It is bad to build palaces in the sand
The tide will make it pieces

Technical Analysis:
Support lost and now resistance at 1.30$
Unlike yesterday the price seems unable to fight it's way back up.

A test of 1.17 support should be in place.

In the meantime the markets could turn Red again on raised geopolitical concerns as well as fears about the global economic slowdown.


Take it easy today, we are choosing some extra shorts positions this week.

One Love,

the FXPROFESSOR