💡 EURUSD: Next prediction
Updated
Economic Challenges of the EU Region: The primary concern for the EUR is the unfavorable combination of growth and inflation in the EU region. Disappointing activity data in the region is a persistent trend, which is even more striking given the persistent downgrade of eurozone growth expectations.
Pessimistic target: Based on cited concerns, HSBC is bearish on EUR/USD, predicting a move towards 1.0220. HSBC takes a short position from 1.0576 with a target of 1.0220.
Pessimistic target: Based on cited concerns, HSBC is bearish on EUR/USD, predicting a move towards 1.0220. HSBC takes a short position from 1.0576 with a target of 1.0220.
Comment
Despite falling, bar D1 EURUSD created a bullish pinbar pattern, showing buying pressure from below, right at the old bottom support area. The chart structure shows that EURUSD D1 is still accumulating sideways, with the main trend being downtrend.Comment
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