It looks like we have the perfect storm for this pair as macro news will contribute to create some bullish momentum, news liike this one of 2 days ago:
"Moody's cuts America's pristine credit rating, citing rising debt"
reuters.com/markets/us/moodys-downgrades-us-aa1-rating-2025-05-16/
My technical analysis is pretty clear, we have a descending wedge that has been taking shape for the last 15 years. We had a breakout and a retest so bullish momentum can resume now.
"Moody's cuts America's pristine credit rating, citing rising debt"
reuters.com/markets/us/moodys-downgrades-us-aa1-rating-2025-05-16/
My technical analysis is pretty clear, we have a descending wedge that has been taking shape for the last 15 years. We had a breakout and a retest so bullish momentum can resume now.
Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.