EURUSD: Recovery prospects
Updated
Hello everyone! What do you think about the EURUSD currency pair?
Karina believes that EURUSD will increase in value as the US Dollar continues to face downward pressure when market participants reassess after the Federal Reserve's meeting last week. Fed officials' rate cut projections are adding further pressure on the USD, thus supporting this currency pair.
From a technical standpoint:
EURUSD has the potential to form a cup and handle pattern, and if successful, the price may breakout above the 1.10 level and form a new high.
Do you agree with Karina's opinion?
Karina believes that EURUSD will increase in value as the US Dollar continues to face downward pressure when market participants reassess after the Federal Reserve's meeting last week. Fed officials' rate cut projections are adding further pressure on the USD, thus supporting this currency pair.
From a technical standpoint:
EURUSD has the potential to form a cup and handle pattern, and if successful, the price may breakout above the 1.10 level and form a new high.
Do you agree with Karina's opinion?
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Comment
Price increased as expected and is about to hit resistanceRelated publications
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