HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.
More details are here - https://go.cex.io/0d5d"
Because within the monthly chart it follows a triangle at the top base. In the Weekly chart, it follows within a support region that has been respected for a year. And on the daily chart it is within a bearish channel with many false breakouts. In short... Trend traders are suffering right now!